The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: House for sale - offer expected Date:  5/13/2013  1:09 PM
Author:  MetroChick Number:  125264 of 128866

Fingers crossed for competing bids!

I would say beware of a sight-unseen offer. Most people are probably going to put in contingencies, and just because an offer is the highest doesn't mean it will close. And it's easy to put in a high offer when you haven't seen the place if you know you can get out of it through the contingencies.

Having more than 1 offer is great because you could always play them a bit against each other. But keep in mind, an offer price is one thing. You also have to consider which offer looks the most likely to close - and with as few post-offer costs (such as inspection repair requests) as possible.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us