Seller’s markets come and go. If you’re selling your house in Fort Worth or around the 76182 zipcode during a seller’s market, then you might get multiple offers. Here’s how to review seller’s market offers in Fort Worth…
A seller’s market is when there are more buyers and fewer properties. For sellers, it’s an exciting time to sell because you may be able to get a higher asking price. You might also get multiple offers on your house at once.
If you’re selling your house and you received multiple offers, you might be asking yourself, “now what do I do?” Although multiple offers might be exciting to receive, it can also be overwhelming. Fortunately, there are 4 things you can do to help ease the burden and approach your multiple offers to your greatest advantage…
How To Review Seller’s Market Offers In Fort Worth
First, sort the offers into those who are ready to buy and those who are buying contingent on something else. Some people put offers on houses contingent on them getting approved for a mortgage or contingent on them selling their house.
You don’t have to discard the contingent group but it’s often easier and faster to work with someone who doesn’t buy based on a contingency.
Second, sort the remaining ones based on which is more important to you – either the speed of the sale or the price. (For some sellers, a faster sale is more important than a higher price). Of course both are important but usually one will be more important than the other.
- If speed is important to you, sort the offers by the ones who are closest to the timeline you want to move in.
- If price is important to you, sort the offers by the ones that are highest to lowest in terms of price.
Third, if you have several that match your preference above (such as: if you want to move by the end of the month and you have several offers that work within that timeline) then sort by the ones that don’t add any conditions. The more conditions a buyer adds, the more work it may be for you.
By the end, you’ll have a pile of offers – at the top will be the ones that offer the best speed or price (whatever is more important to you), the least conditions, and are ready to buy right away. And at the bottom are those who aren’t ready to buy because they have contingencies.
Once you’ve sorted your offers this way, start working through them from the top, making counter offers from a position of strength!
If this is overwhelming or if you don’t have as many offers as you’d like, or if you don’t have the offers that you want, there is another way to sell: you can sell directly to us at Texas Best Home Buyers.
Fort Worth area home owners work with us for many reasons including convenience, speed and less hassle than the traditional route of listing on the multiple listing service. Selling to a direct homebuyer is very different. It requires zero effort in preparing to sell, and it doesn’t cost the homeowner anything up front to repair or stage the home since the buyer has cash and is ready to buy the home as is.
At Texas Best Homebuyers we have more than 25 years of experience in real estate and we are local to North Richland Hills, Fort Worth and surrounding areas. We love solving real estate problems and would be happy to talk with you about your current real estate situation.
For more information on how you can sell your house quickly for cash in Fort Worth TX, call us today at (817) 808-4911 and one of our local representatives will contact you right away or you can simply fill out our online form and we’ll get back to you promptly. We look forward to speaking with you.