The seller may evaluate offers based on other considerations like...
- Closing date. Sellers have a schedule. They don't want to wait an excessive time. The longer a closing is delayed the more time for something to arise that interferes with closing.
- Inspection and repair contingencies. While inspections are always recommended having repair requests tied to the offer such as "repair this, that, etc. " listed on the offer at presentation may make the seller believe this buyer will be a pain all the way to closing. Sellers want to avoid pain.
- Highest offer with financing contingency. When a mortgage is involved there is always a potential problem. A higher offer that may not make the appraisal is just a hope while a slightly lower offer for cash may be the best option.
- Cleanest offer. A well prepared offer with all documentation reviewed, all disclosures signed and initialed, a reasonable escrow deposit submitted, a recent proof of funds letter or pre-approval letter, will likely make a good first impression. And we all know how important first impressions are!.
Buyers need to understand their offer with less contingencies may indeed trump a higher price with lots of hoops and hopes.
A good real estate agent will educate the buyer on the process and prepare their offer so it provides confidence to a seller that this deal will get done.
When you are ready to buy or sell a house or condo in Brevard County, Florida call me at 321-693-3850!