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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/my-realtor-just-texted-me-and-said-we-might-be-30682159.aspx

Subject:  Re: House for sale - offer expected Date:  5/13/2013  7:47 PM
Author:  aj485 Number:  125266 of 127669

My Realtor just texted me and said we might be getting two offers today. Apparently someone may write an offer sight unseen.

Ahhh, there's many a slip twixt the cup and the lip......

Until all contingencies (inspection, appraisal, financing, requirement to sell another house, etc.) are satisfied, you don't really have a buyer, you have a wanna-be buyer who may get cold feet.

I would add to the chorus of people saying that IF you get more than one offer, you need to choose the one that is the most likely to close, even if it's not the one with the highest price. And if you don't think that any of the offers you get are likely to close, then don't accept one just because "it's an offer" - if your house ends up in "pending sale" status for 3 - 6 months, you will likely have missed other better buyers.

AJ
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