Lake Lanier real estate is in high demand. If you're lucky enough to have received multiple offers on your Lake Lanier home for sale, it's important to take the time to consider all your options. Before accepting any offers on the table, consider the following breakdown of how to obtain multiple offers—and what to do when you’ve won the interest of buyers.
How to obtain multiple offers
A Compass real estate agent can offer you access to Compass Concierge service, which is the easiest way to boost the sales price of your Lake Lanier home with little additional effort on your own part. The Concierge service enables you to have major repairs, replacements, and upgrades handled before you list without needing to invest any of your own money upfront. You simply meet with your Compass real estate agent to discuss what improvements are best for your property, from flooring to paint, new HVAC systems, updated appliances, and or even a full kitchen remodel. You don't pay a dime until your property sells or 12 months have passed — whichever comes first.
Expert marketing for your Lake Lanier home for sale is also key. When you work with a Compass real estate agent, you have access to the Luxury Division marketing experts. These marketing experts can make your Lake Lanier real estate stand out amongst other homes for sale in Lake Lanier. Bespoke branding includes photography from editorial experts, custom logos, and unique messaging to catch the attention of multiple buyers.
How to manage multiple offers
Begin by reviewing each offer on your Lake Lanier real estate and discussing your options with your real estate agent. It can be helpful to make a list comparing the offers, where you weigh factors such as the amount offered, requested contingencies, and each buyer's financial strength. If the buyers, for example, provided a personal letter, you may want to factor in that argument when weighing each offer.
1. Check the amount offered
Of course, the first thing you should check when comparing multiple offers on Lake Lanier homes for sale is the amount each buyer is willing to offer. When making your list of comparisons, you may find it helpful to list each offer from highest to lowest. You may even choose to have a cut-off below a certain amount, which helps you eliminate some offers from the running. For example, since the Lake Lanier real estate market favors sellers, you can choose to discard offers below your asking price. If you find that the offers are all relatively close, you can move on to other factors to make your decision.
2. Check buyer contingencies
While it's not uncommon for buyers to request a contingency or two, you may find that some offers on Lake Lanier real estate request more contingencies than others. If you're torn between a few different offers and one has far fewer contingencies, this could be the deciding factor for you.
3. Consider the financial strength of each buyer
4. Review buyer letters
Some buyers may decide to submit a personal letter explaining why they want to purchase your home. This could be a deciding factor if you're on the fence about several offers. A handwritten offer letter can help you identify which buyers seem truly interested in your Lake Lanier real estate and its many charms. Moreover, a buyer that takes the time to submit a letter may be more likely to waive some of their requested contingencies if you choose to counter offer.
5. Decide if you want to counter-offer
After you've considered all of these factors, you'll be able to make an informed decision about which offer to accept. Selling your Atlanta area home is a big financial decision because it’s an extremely popular location for buyers nationwide. It's important to take time to review all of your options before making a final choice. By considering each offer carefully and weighing all the factors, you can be sure that you're making the best decision for yourself and your family.
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*Header Courtesy of All Points Team