Seller’s markets come and go. If you’re selling your house in Kansas City or around the 64133 zipcode during a seller’s market, then you might get multiple offers. Here’s how to review seller’s market offers in Kansas City…
A seller’s market is when there are more buyers looking for houses than there are houses available to buy. This is arguably the best time to sell a property as the home is likely to sell quickly and may even get multiple offers or go for more than asking price!
But while receiving multiple offers on your property is a great thing, it can also be confusing and overwhelming. The following tips should help.
How To Review Seller’s Market Offers In Kansas City
First, sort the offers out for the buyers who are ready to buy now. Make sure that their offer isn’t contingent on some other event happening, like selling their existing property first.
It is generally easier and faster to work with a buyer who is ready to purchase today. So while you don’t need to throw the other offers in the trash, they may not be the first pick.
Next, sor the offers into what is more important to you personally: the speed of the sale, or the asking price. Everyone is different, and for some people selling quickly is important, while for others, getting the best price is the #1 consideration.
- If speed is important to you, sort the offers by the ones who are closest to the timeline you want to move in.
- If price is important to you, sort the offers by the ones that are highest to lowest in terms of price.
Lastly, assuming that you still have several offer in your priority pile, sort those offers by who has the least contingencies on their offer. The more contingencies a buyer has, the slower the sale will go, the more hassle it will be, and the more likely that the deal will fall through.
At the end of this process you’ll have a stack of your best offers. These are the ones that fit the criteria you care about (speed or price), are ready to buy today, and have the least hassle (less contingenciens).
Having multiple offers is a great situation for a seller, and now that you have a stack of prioritized offers, go down the list one by one and make counter offers from a position of strength.
If this is overwhelming to you, you don’t have as many offers as you’d like, or don’t have any offers that meet your needs, you have another option. You can sell the property to us. We’re happy to make you a no-obligation offer that is tailored to meet your specific needs. And as a Kansas City cash buyer, we can make you an all cash offer as well!