Step By Step Guide For Reviewing Offers For Your Athens House

You’ve cleaned and painted and staged and mowed, you’ve listed your house, and now some offers are coming in. Congratulations! But what now? How do you evaluate those offers to choose the best one, the one that right for you? Actually, there’s a lot more to it than just accepting the highest bid. So take a look at our step by step guide for reviewing offers for your Athens house.

Get Your Priorities Straight

First, before ever beginning the process reviewing offers for your Athens house, take some time to get your priorities straight. If you don’t know what you really want and need, you won’t be able to recognize the best offer.

For example, is the speed of the sale a priority, or is maintaining cash flow more important? Your best bet here is to discuss this with your agent so that you can craft the marketing campaign accordingly and then evaluate offers in light of your priorities. Keep in mind, too, that a good agent will keep your personal information confidential. (Find out more by calling 706-426-1082.)

Set Aside Your Emotions – It’s Business

The next step for effectively reviewing offers for your Athens house consists in setting aside your emotions (as difficult as that may be). Selling your house a business transaction, and emotions have no part in it. Evaluating offers when guided by emotion could cost you a lot of money. Again, your agent can help you remain rational and emotionally detached, for it is her job, after all, to look out for your best interests.

Carefully Review Contingencies

After taking care of those two preliminary steps, your next step in reviewing offers for your Athens house is to carefully examine the contingencies in the offers. These are the conditions that must be met for a sale to take place, most commonly inspection, appraisal, and financing contingencies. But some contingencies are riskier and more disadvantageous for you as the seller, and chief among these is the one that states that the sale is contingent on the buyers selling her current home. There’s no way to know whether her house will sell, and you may wind up waiting a long time with your house off the market – when you might have received a better offer.

Recognize the Strong Offer

Another key element of reviewing offers for your Athens is being able to recognize a strong offer when one comes along. The three main ingredients of a strong offer are:

  • Buyer’s financial strength – Typically this can be judged on the basis of one or more of the following: mortgage pre-approval, large downpayment, all-cash (or a large portion in cash) offer.
  • Concessions that favor the seller – An example of such concessions would be waiving the buyer inspection.
  • Buyer flexibility – A buyer who is flexible about closing or, if you need to sell fast, is amenable to closing right away indicates a strong offer.

Give Offers with Big Deposits More Weight

More money in your hands now is always a good sign when you’re reviewing offers for your Athens house. If a buyer is willing to make a large earnest money deposit, you can bet she is a serious buyer and can likely come through with the financing. It also helps you keep your cash flow healthy. When you get the offers down to a shortlist and they are pretty equal in all other respects, it’s probably a good idea to go with the offer that promises a larger deposit.

Ultimately, though, reviewing offers for your Athens house is as much art as it is science. It takes a lot of experience and a well-developed feel for what makes a “good” offer. And that means, really, that you should lean heavily on your agent when evaluating offers. Don’t make the mistake of accepting the wrong offer. Let our experienced agents help you make a better choice.

When you work with Georgui Kassaev, My Athens Realtor, you’ll have the best team of Athens real estate agents helping you when reviewing offers! Contact us today! 706-426-1082

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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