It is confusing to get multiple offers. On one hand, it’s exciting, though, the highest number isn’t always the best offer. If you ask your agent the way to compare buyers properly, then you can find out which one has more chance of getting over the line. For an Estate Agency Gloucester, visit //www.thomasandthomasproperty.co.uk/
Compare buyer position not just price. Ask your agent to confirm:
Mortgage in Principle (MiP): do they have one and is it recent?
Size of deposit: Larger deposits can reduce risk
Chain Status (No chain, or needs to sell first etc)
Timescale: Are they able to accommodate your perfect moving day?
Certainty is far more appealing than a chain-free buyer offering £2,000 higher.
Check proof of funds early
Proof of funds required for cash buyers or large deposits. This is natural and weeding out the time-wasters.
Look for “proceedable” buyers
A client who can move forward with almost all of his paperwork signed and ready. Your agent should validate this first before you agree.
Consider a best-and-final round
You can also request a best and final offer by a certain time, if offers are near to one another. This promotes fairness and avoids bidding that goes on forever.
Welcome the offer that suits your risk profile
Have you been longing for the highest price, or are you asking yourself if a certain threshold is sufficient? The best buyer is one who will close.
If you are not 100% sure, ask your agent to put all offers down on one page for you so that you can easily compare as appropriate.
