The Art Of Dealing With Multiple Offers On Your Knoxville Home

Getting multiple offers on your Knoxville home for sale is every seller’s dream. In the current seller’s market, this is a dream come true for many sellers.

But, dealing with multiple offers on your Knoxville home for sale isn’t always as easy as you may think. Weeding through multiple offers and juggling multiple buyers isn’t always as easy as it may seem.

In this post, we’ll cover the art of dealing with multiple offers on your Knoxville home.

Examine Each Offer

When you receive multiple offers on your Knoxville home, it’s important to examine each offer. Every offer can be a bit different with what it offers and there is more to every offer than just price.

When examining offers on your home, you’ll want to consider the following:

  • Overall price
  • Any additional closing costs paid on behalf of the buyer
  • If you’ll be paying for a home warranty
  • If you’ll be leaving any items in the house that you’ll need to replace (like the washer and dryer)
  • Proposed close date

The offers you receive may give you all of what you want, some of what you want, or none of what you want. But, it’s important to look them all over before you decide how to move on. After receiving these offers, you’ll have to determine if you want to pursue all of these offers, or just a few of them. That’s a personal decision. Some sellers will decide to pursue them all while others will decide to only work with a few.

Pursue Only Good Offers

When you receive multiple offers on your Knoxville home, it’s generally wise to only pursue the good offers. Otherwise, you could end up regretting it later on.

So, what makes a good offer?

Here are a few things that can make a buyer stand out:

  • Willing to pay a fair price
  • Increase in earnest money
  • They’ve shown they’re flexible
  • Proof of funds (if cash)
  • Using a local, reputable mortgage company

These things may seem small. But, these small things can really be showing about how a buyer approaches a transaction. For example, when they put down more earnest money, they’re showing that they’re not going to just walk away for any reason. Or, if they submit their offer with a recent pre-approval letter from a local lender, they’re showing you that they’re a solid buyer.

A solid buyer will show that they’re a solid buyer.

Be Decisive

Finally, when you’re dealing with multiple offers on your Knoxville home, it’s essential that you are decisive. If you waste too much time or are indecisive, you could find yourself losing buyers or picking the wrong offer.

Look at each offer and see what it has to offer. Don’t waste time mulling over it too much. You’ll know when you find the right offer and when you’ve found a buyer who is willing to work with you to come to the right agreement.

Are you thinking about selling your Knoxville home this year? Please let us know if there is any way that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected].