Tips on Selecting the Best Offer for your Key Colony Waterfront Condo
4 Tips on Selecting the Best Offer for your Key Colony Waterfront Condo
After weeks of preparing your waterfront condo in Key Colony Key Biscayne, the day has come and you’re putting your home on the market. But when the offers start coming, how would choose the best one? Would you just simply pick the highest price offer? Or are there other terms you need to consider?
The process of selecting the right offer can be quite challenging. You need to look at each offer on its own merit and carefully read the terms included in the contract. It would also help if you have a trusted Key Biscayne real estate agent to help you.
Before you decide on any offer, read through for some suggestions on how to know which is the right one for you:
1. Know your priorities. This will help you to have a clear picture of what matters most to you and what you wish to accomplish at the end of the sale. Start by asking yourself, “How much time and effort am I willing to spend to the home-selling process?”
If your main priority is to sell your home for its fair market value or higher, you must be willing to add some upgrades and wait. But if you’re in a hurry to sell, you must be willing to compromise on the price and the terms.
2. Plan. Since most agents already a “system” they use when handling offers and negotiating, work with your agent to see if his or her system works well with you. Make sure that your agent is aware of your priorities concerning the sale so he or she can help you create a plan to achieve your goals within your timetable.
3. Understand how “offers and negotiation” work. Even before you start getting offers on your Key Colony Key Biscayne waterfront condo, try to research on how the whole process works. This will give you a clear idea of what to expect and help you handle offers later on.
Understand that all offers are negotiable. You can turn it down an offer you don’t like. You can also submit a counter offer and negotiate changes in the terms to meet your needs.
4. Thoroughly examine every offer. While it may be tempting to just accept the highest offer you receive, don’t. The highest offer may not always be the best offer. Carefully study every offer you get. Pay particular attention to details such as the terms, earnest money deposit, the amount of money the buyer will be mortgaging, target closing and contingencies, and others.
Remember your previously set goals and priorities? Select an offer that meet those. This helps you avoid seller’s remorse after the sale. Don’t hesitate to ask your Key Biscayne real estate agent for clarifications.
There’s nothing more exciting than getting several offers when selling your waterfront condo in Key Biscayne FL. With the right goals and preparation, you’ll be well-equipped to accept the best offer and have a successful sale.
You can check out www.MiamiRivieraHomes.com to know more about Key Colony Key Biscayne beachfront condos for sale.
Comments