Accepting An Offer: Your options to consider

Receiving an offer on your home is always a very stressful and exciting time during the listing of your home. You prepare and plan for this moment from the time you decide to put the house on the market.

So what happens when you get an offer? or two .... or three....

The most important thing to do is to keep your cool and know your options.

There are many factors to consider when you receive an offer. All offers, of course, have a price but other things to consider are conditions in the offer, closing date, deposit and other terms.

There can be a lot of variables and hopefully the realtor you choose to work with has the knowledge, experience, the technology, communication skills and the backup of a brokerage firm behind them to be able to help you navigate through different scenarios and protect you.

Naturally the most important part of the offer is the price. You need to make sure to understand every aspect of the offer, including current market conditions, recent sales or current listings in your area, and have as much information about the prospective buyer and their representation as possible. You need to have a thorough understanding of the terms of the offer, your options and potential outcomes of your decisions.

Every time you receive an offer you have three options: