Here's why the highest offer doesn't always win.
While it's true that in many cases, a home seller will take the highest offer on their home to maximize their return on investment, there is no guarantee that the highest offer will be accepted.
Check out these three scenarios where the highest offer might not talk the loudest:
1. All-cash offer: When you pay in cash, sellers sleep easy, knowing there's no risk of financing going sideways. Confidence is a key selling point!
2. Swift closure: Got the ability to close quickly? That's golden, especially if the seller is on a strict timeline. Speed can beat the highest bidder.
3. No strings attached: Offers without contingencies can be very tempting, as they minimize potential complications and delays.
So while putting your best financial foot forward is important, remember, it's not always about the money. Each seller has their own priorities.
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Anna Litvak Joseph PREC*
Top 10% of realtors in Greater Vancouver
BC Prime Real Estate Group
Keller Williams Elite Realty, Port Coquitlam, B.C.