why doesn’t the highest offer always win?

I’m going to let you in on a secret, the highest offer does not always win and here’s why:

reasons why more 💲💲💲 doesn’t win

1️⃣ Contingencies- A higher offer may include more contingencies, such as the sale of the buyer’s current home which could potentially delay closing, or financing contingencies which would make the offer less appealing.

2️⃣ Financing- A higher offer may be dependent on the buyer obtaining financing, which can be uncertain and risky for the seller. A lower offer with a higher down payment of proof of cash may be more attractive

3️⃣ Closing timeline- a buyer who can close quickly may be more attractive to a seller, even if their offer is slightly lower than other buyers. 

4️⃣ Reputation- a buyer’s lender with a good reputation such as a history of closing on time and being easy to work with, may be more attractive to a seller, even if their offer is slightly lower.

5️⃣ Personal connection- sometimes a seller may choose a lower offer from a buyer who they feel a personal connection with or who shares similar values and interests.

do you know how to negotiate an offer?

Ultimately, the seller’s decision may come down to a combination of factors, including the terms of the offer, and the overall impression they get from the other parties in the deal.

It’s important for buyers to work with a knowledgeable real estate agent who can help them understand the seller’s priorities and make a competitive offer that meets their needs and preferences.

offer with confidence,

💗 Tayler