Selling your home in Vancouver – is the highest offer always the best?

Posted by Liliana Sorescu on Monday, August 12th, 2013 at 6:36pm.

If you receive multiple offers on your Vancouver home, you'll have to choose which to accept and which to reject. If none of the offers exactly suits you, you'll need to choose which offer to counter.
 
Is the highest offer always the best? Not necessarily.
 
Before focusing on the offered price, you and your agent need to go over the entire offer and compare all of the terms.
 
Some high offers may ask you to contribute toward the buyer's closing costs. Some might ask you for an allowance for new carpet, paint, or repairs. Some might have contingencies.
 
In addition, some may be cash offers and some may be subject to financing.
 
You and your agent need to sit down together and list the details of each offer. You may find that a lower offer actually puts more money in your pocket than a higher offer. And if you want to get the house sold so you can move on to life's next adventure, it may be advantageous for you to accept a cash offer with no contingencies even if the price is a bit lower than some other offer.
 
So before you make a decision, look past the offered price and consider what the entire offer means to you.
 
Sometimes the highest offer on a Vancouver house isn't the best offer.  
 
When you list with me, I'll help you examine every detail of every offer - so you know exactly what it means to your bottom line - and to your chances of a successful

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