If you’re thinking of selling your land, or are actively in the sales process, you may be wondering how to handle multiple offers. The good news is that it doesn’t have to be as complicated as you might imagine. Let’s break down the nitty-gritty and prepare you for this possibility.
What Do Multiple Offers Entail?
If you have several competing offers on your property, you have entered a multiple-offer situation. You’re going to have to weigh the offers and decide which is most appealing.
One word about multiple offers: your agent or broker can offer suggestions, but it’s going to ultimately be up to you to decide how to handle them. It’s never too early to start thinking about this!
How Do I Handle Multiple Offers?
There are several options available when you’re juggling multiple offers:
What Else Should I Consider Besides the Price?
Keep in mind that the best option may not necessarily be the one for the most money. Another lower offer may have more advantageous terms. Here are a few things to factor in when mulling offers:
Wishing you the best of luck choosing the right offer for your needs!
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