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I think I'd keep quiet until I had both in my hand and had a chance to review the pros and cons of each one, and then pick the winner. You might scare one or even both off if the buyers dont want to play the multi offer game.
I agree with the above.
Additionally; I would be more willing to work with the consumer who would be more willing to pay market value for the property.
I'd like to add to the already sage advice given out and suggest that any and all written offers have a pre-approval letter. Not a pre-qual, but a pre-approval from a bona fide lender (no online companies). This will show that an underwriter has looked at it and has determined the buyer financially capable. And remember, price is not always the winning component. It's what makes sense to you and meets your needs.
Contract, smontract. I agree with above. At the kitchen table did you discuss finances? The offer to consider is one that has a pre-approval letter, great credit, no financial issues that might crop up. Plus your house will have to appraise after all that - you have a long way to go.
I'm surprised nobody has said that if the buyer was a cash buyer that there should be a proof of funds letter with the written offer. (Not everyone borrows from banksters to buy a house.)
You want to compare home inspection contingencies - some buyers do home inspections for their own information, some want every single possible inspection. The more nitpicking, the greater your bill.
Good luck.
In our area, the home inspection is ordered and paid for by the potential buyer....not the seller. I'm not understanding why the bill would be greater for the seller?
In our area, the home inspection is ordered and paid for by the potential buyer....not the seller. I'm not understanding why the bill would be greater for the seller?
I shouldn't speak for the original poster of that comment you're referring to, but I take it to mean if a buyer wants 1) a regular inspection 2) a termite inspection 3) a foundation inspection, etc etc they are going to have more ammunition to reduce the selling price based on inspection results. Therefore, the "bill" increases as they expect the seller to correct any deficiencies and/or reduce the selling price.
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