Receiving And Understanding Home Offers
Video Transcript Below
Once we get offers on your home is when the fun begins. It can be stressful if you don’t receive the amount you were hoping for but don’t worry, that is why you hire an excellent negotiator like myself. Hi, I’m Tristan Colborg with TheDenverRealEstateAgent.com, and eXp Realty in Denver. I am here to help correctly negotiate on your behalf because it is essential to get you the most amount of money on your home and negotiate the best terms.
Vetting The Offers
Once we receive offers on your home, a few essential components need to be done prior to meeting with you to discuss the offers. We vet all of the buyers by calling the agent and lender and making sure that the buyer is truly qualified. We verify funds, ask critical questions, find out about how motivated and in love with your property the buyer is, and so on. During this process, we also are getting to learn about the buyer’s agent and lender to see how much experience they have, if they’ve properly educated the buyer, and get an idea as to how they will be to work with. Believe it or not, the buyer’s agent is just as crucial to ensuring the deal will close as the buyer’s qualification. After vetting the buyer, their Realtor, and Lender, we meet with you to discuss the offer and review terms.
Give You Advice On Offers
We will give you our advice on the offers regarding the pros and cons of each, but ultimately you decide which offer to take and what to counter. Now, if we have more than one offer, there is another process that we go through, we give an offer deadline date, then we make a counteroffer to ALL of the offers requesting them to give their highest and best bid. Once we have those, we meet with you to discuss which offers you would like to counter. Generally, this allows us to get a higher price from the buyer and better terms for you because we pick from the “cream of the crop” so to speak.
Counter Offers
At this time, the buyers can choose to accept our terms or to counter us back. You have the opportunity to choose which offer you would like to take at this time, and again we will advise you as to the pros and cons. Once we come to terms, we are now officially in escrow. Watch the following video to see understand what happens now and what to expect regarding timelines etc. Understand that in most cases, if you are dealing with a loan, the average timeframe to close on a home is about 30 days, give or take. If you’re dealing with cash, you can close in a little as 3 days but 7 days is more realistic. Again I’m Tristan Colborg with TheDenverRealEstateAgent.com, and remember you deserve an elevated real estate experience.
