We buy houses in Arkansas. We are legitimate homebuyers in Arkansas and we’ve seen seller’s markets come and go. If you’re selling your house in Arkansas during a seller’s market, then you might get multiple offers. You’ll want to read this post so you know how to prepare for the home buying offer in a seller’s market. Here’s how to review seller’s market offers in Arkansas…
A seller’s market is when there are more buyers and fewer properties. For sellers, it’s an exciting time to sell because you may be able to get a higher asking price. You might also get multiple offers on your house at once.
If you’re selling your house and you received multiple offers, you might be asking yourself, “now what do I do?” Although multiple offers might be exciting to receive, it can also be overwhelming. Fortunately, there are 4 things you can do to help ease the burden and approach your multiple offers to your greatest advantage…
How To Review Seller’s Market Offers In Arkansas
Sort The Offers
First, sort the offers into those who are ready to buy and those who are buying contingent on something else. Some people put offers on houses contingent on them getting approved for a mortgage or contingent on them selling their house.
You don’t have to discard the contingent group but it’s often easier and faster to work with someone who doesn’t buy based on a contingency.
Speed Of The Sale Or The Price in Arkansas
Second, sort the remaining ones based on which is more important to you – either the speed of the sale or the price. (It depends on your situation and what matters most. You may want to sell your property fast and the price is not as important. On the other hand, some sellers want the highest possible price that they can garnish so they are willing to hold out for a top-dollar offer). Of course, both are important but usually one will be more important than the other.
- 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.
Don’t Add Any Conditions in Arkansas
Third, if you have several that match your preference above (such as: if you want to move by the end of the month and you have several offers that work within that timeline) then sort by the ones that don’t add any conditions. The more conditions a buyer adds, the more work it may be for you.
Pile Of Offers in Arkansas
By the end, you’ll have a pile of offers – at the top will be the ones that offer the best speed or price (whatever is more important to you), the least conditions, and are ready to buy right away. And at the bottom are those who aren’t ready to buy because they have contingencies.
Once you’ve sorted your offers this way, start working through them from the top, making counter offers from a position of strength! You’ll want to negotiate as best you can to take advantage of the seller’s market.
If this is overwhelming or if you don’t have as many offers as you’d like, or if you don’t have the offers that you want, there is another way to sell: you can sell directly to us at 365 Property Buyers.
Sell My House in Arkansas
If you’re ready to sell your house in Arkansas fast, you’ve come to the right place! We’re experts and we truly enjoy helping others. We want the best outcome for you and your loved ones. If you’re ready to sell your property, great! If you’re looking for advice, we’re happy to provide that as well. We are professional home buyers in Arkansas and we offer cash for houses, we love helping sellers sell their house faster, easier, and for no fees.