Which Offer Is Best When Selling Your Northern Virginia Home?

Buying a Northern Virginia home? Get a full Home Search   
Selling your Northern Virginia home? Free Home Price Evaluation

Clients often ask me, “When I have multiple offers, which offer should I accept?” It’s important to keep in mind that not all offers are created the same. My job is to advise you on the pros and cons of each different offer.

Price is an important factor to consider. However, if you have one offer for $400,000 and another for $405,000, the higher offer might not be the best. You also have to consider things like terms and financing.

For example, if you get an all cash offer that can close in 15 days, that might be your very best offer. An offer that uses conventional financing is better than an FHA or VA loan for various reasons. For example. VA and FHA loans come with stringent appraisal guidelines. Also, a buyer using conventional financing can typically put more money down.

The highest price may not be the best offer.

You should also consider the earnest deposit. Usually, someone will put around $1,000 into an escrow account to show that they are committed to purchasing your property. The more earnest money a buyer offers, the more skin they have in the game. In other words, would you rather have $1,000 in earnest money or $20,000 in earnest money? You would want the $20,000!

Finally, there are inspection and appraisal contingencies to consider. As you can see, all offers are not considered the same. You need someone who has a lot of experience to walk you through the process and help you make the best decision.

If you have any questions, give me a call or send me an email. I would be happy to help you!

Top 4 Reasons to Sell in Northern Virginia Today

Buying a Northern Virginia home? Get a full Home Search   
Selling your Northern Virginia home? Free Home Price Evaluation

I wanted quickly share with you the top four reasons to sell your Northern Virginia home - today!

  1. You’re feeling too cramped. Maybe you live in a townhome and you have kids and a dog now. It may be time to sell and find something bigger.
  2. You have too much space. On the other hand, you might be an empty nester and you actually have too much space, it may be time to downsize.
  3. The neighborhood no longer works for you. You might find yourself on toll roads or a beltway all the time and that hour-long commute is just not working for you anymore. Maybe the HOA president comes around with requests like requiring you to plant a fruit tree in your lawn - you might be sick of it. Your home should fit your lifestyle.
  4. You want to take advantage of today’s seller’s market. We’ve been in this market since the bottom in 2009. We’re seven years into the cycle, and historically, the market has gone in seven-year cycles. The other piece is that interest rates continue to be at an all-time low, and we don’t know when they’re going to rise. When they do rise, affordability will take a hit.

Interest rates continue to be at an all-time low.

If you want to have a conversation or even just find out a little bit more about your situation, contact me today! Send me an email or give me a call and let’s keep this conversation going.