Friday, July 17, 2009

Multiple offers

Q - I am selling my home and have received multiple offers, is the highest offer the best? Mary, Rockland Cty

A - Thank you for the question. Even in this market multiple offers are occurring all the time. But the question is the highest offer the best. There are many factors when an offer is presented to a home seller. Consider the terms, which includes the timing of the closing, down payment and type of mortgage / condition of the mortgage. Review and verify all information on the offer. If you are using a real estate professional, review all these options with the real estate agent, if not consult an attorney to discuss the offers. Good luck!

ERA Tucker Associates, Inc. TuckerERA@era.com
Please keep sending in the questions.

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