How to Navigate Multiple Offers Like a Pro

by Jodi Ramsey

Receiving multiple offers on your home is every seller’s dream, but it can also be overwhelming. How do you choose the best offer? Here’s a step-by-step guide to help you navigate multiple offers like a pro.

1. Don’t Just Focus on Price

The highest offer isn’t always the best offer. Consider:

Financing: Cash offers or pre-approved buyers are more reliable.
Contingencies: Fewer contingencies (e.g., inspection waivers) mean a smoother transaction.
Closing Timeline: Some buyers may offer flexibility to align with your moving schedule.

📖 Source: Link NKY reports that cash offers have become increasingly common in Northern Kentucky’s competitive market.

2. Look for Escalation Clauses

An escalation clause allows buyers to automatically outbid competing offers up to a certain limit. These clauses can help you maximize your sale price.

3. Evaluate Earnest Money Deposits

A strong earnest money deposit shows the buyer’s commitment. Standard deposits are 1–3% of the sale price, but higher deposits can indicate serious interest.

4. Work Closely with Your Agent

Your real estate agent will help you evaluate offers and guide negotiations. They’ll explain the risks and benefits of contingencies, timelines, and buyer reliability.

📖 Source: BE NKY emphasizes the importance of working with experienced agents in high-demand markets like Northern Kentucky.

Conclusion

Handling multiple offers requires careful consideration of price, terms, and buyer qualifications. With the right agent by your side, you can confidently choose the offer that works best for your needs.