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Evaluating Multiple Offers
When you are faced with multiple bids on your home, how do you choose the right one? Your real estate agent can help you compare the terms of each offer.

First, there is the purchase price. Consider the closing costs you may be asked to pay for the buyer, and be sure that you understand any other terms that might reduce your net proceeds. Can you work out an agreeable date for you to move out and for the buyers to move in? How "clean" is each offer? Do the buyers have another house to sell before they can close on your home? Can you get letter from a lender that the buyers will be able to qualify for the financing they will need?

Your Realtor can help you weigh the relative merits of each offer, so that you can accept--or counter--the best one, and line up one as a backup.

 
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