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Evaluating Multiple Bids

When you are faced with multiple offers on your home, how do you choose the right one? Your Real Estate Agent can help you compare and contrast the terms of each proposal. First, there is the price. Consider the closing costs you may be asked to pay, and be sure that you understand any other terms that might reduce your net profit. Can you work out a mutually agreeable date for you to move out and for the buyers to move in? How "clean" is each offer? Do the buyers have another property to sell before they can close on yours? Can you get reasonable assurances that the buyers will be able to qualify for the financing they will need? Your Real Estate Agent can help you weigh the relative merits of each offer, so that you can accept--or counter--the best one, and line up one as an alternative.

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