A multiple offer is the dream scenario, right? Could there possibly be any bad news in more than one person being interested in buying your home? While there are major pros to this situation, there are also a couple of cons to be aware of: The Pros are: 1) You will likely get your full asking price or very close to it , 2) You will probably be able to avoid stressful negotiations and 3) You are more likely to find an offer that matches your specific needs (speedy sale, getting a higher price, contract contingencies, etc.). The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we want you to know that there are a few Cons to think about. In a buyer’s market, buyers don’t like to get into a bidding war and are more likely to walk away and find a property they don’t have to compete for and if you come back with an over-confident counter offer, you risk alienating your buyer. Check out the active listings in Bella Terra in December 2015:
22864 Mondavi Drive, Novi: 4 bedrooms, 2.1 bathrooms, 3,050 sq. feet, 3 car garage, Listed Price: $540,000
Bottom line is multiple offers on your home are a blessing, but this is a buyer’s market so tread lightly and trust your Realtor to guide you through the negotiations. For more information on Bella Terra, or similar Northville or Novi neighborhoods such as Kirkway Estates, Hills of Crestwood and Autumn Park, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.