No doubt it is exciting to receive multiple offers on your home, but when it comes time to actually accept an offer it’s not uncommon for sellers to feel torn or unclear as to which is the best offer for them (it can be different for every seller).
Home offers are hard to interpret so I wanted to offer some helpful tips for when you find yourself in a multiple offer situation (perhaps a Part I?):
—Offer language tells a lot 📝
A purchase offer clearly indicates a buyer’s intentions (along with the more obvious details like if they are qualified, ready to purchase and have a lender in place). In a pool of offers, a realtor with the right skills will identify those that are authentic and well considered.
—The buyer’s agents’ communication style 🗣️
When you sit down with your agent always ask about their take on the agent representing the other party. Communication style, what they say or don’t say, can say a lot about how the transaction can go. Keep your eye out for the agent that will ask well-constructed questions, will make sure to put forth a well-written offer, and educate the buyer about the terms discussed.
—Buyer’s past experience in the market 🏡
Have they been looking for a week or 3 months? Have they had issues with their past offers? Paying attention to details like past contracts, finances, and people involved in the purchase decision gives you a more robust understanding the offer and will help set expectations moving forward.
Did you find these tips helpful? Let me know if I should make a Part II.
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Principal Broker | Earth Advantage | ADU Specialist | OR
Beth Bonita’s approach to real estate is relationship based while incorporating her deep understanding and excitement for the Inner Portland communities she serves.
She is an experienced negotiator and will never apply a “one size fits all” approach to her work. She believes in each of her clients, and the home they own or are looking for, are unique and therefore deserve a customized and holistic approach that will create a sense of calm to their real estate buying or selling experience. Beth is a deep listener and a diligent and an intuitive realtor, a combination that makes her truly talented at match making her clients wants and needs to the house they are excited to call home.
Beth loves design and beautiful homes but she also has the “vision” needed to help make a home look its’ best. When Beth is approached with the opportunity to market a client’s home, she relies on her market knowledge and background in Communication Design to give her clients an edge on the competition. Beth knows that along with the visual presentation, extensive research to create a precise marketing strategy and maximum exposure is key to success.
Beth is originally from Santa Barbara, California, where she spent many years immersed in rich architectural history and creative people, and as a REALTOR® she naturally gravitates towards properties with character, history, charm and walkability to the wonderful restaurants and shops around Portland. She attended Pratt Institute in Brooklyn where she studied Communication Design and gained further exposure to various art forms, design, and art history while living and studying in Brooklyn and working in New York City. She intentionally chose Portland as her forever home for it’s beautiful nature, vibrant city life, historic homes and neighborhoods, eco-friendly lifestyle and the incredible food scene. She currently resides in Northeast Portland with her avid rock-climbing/mad scientist husband and her two young daughters.
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