Homes of Silicon Valley is excited about today… as we are accepting offers on our first listed property of 2022! Offer Day is an exciting day for our sellers, but it can also be a stressful one. What if I don’t get as many offers as I hoped? The highest offer is always best… or is it? If price is equal, what other factors are most important? What if none of these offers meet my bottom line AND my timeline?

In this Silicon Valley seller’s market, getting offers is [generally!] easy, but evaluating them and choosing the one best for each seller situation can be more challenging than you may think. Primarily, many sellers are also buyers themselves – so timing is essential given low inventory and the uncertainty that can be associated with having a place to go next.

We have listed some other common considerations below but want to encourage every potential seller to ask every potential listing agent how they evaluate offers, select among multiple offers and how they ensure the accepted offer meets their needs best. Here at Homes of Silicon Valley, communication and strategy is a priority; we are not only committed to achieving maximum ROI on the sale of your home but doing so with minimal stress and ultimate transparency. Understanding the terms of the offer you are accepting is a science and an art… and those are two of our favorite subjects!

Just A Few Factors to Consider When Evaluating Offers

1) What are the terms of the highest offer on my home? What about the strongest offer?

2) Which terms are a priority for my situation (speed, a rent-back, an all-cash deal, etc.)?

3) Is the potential buyer also a seller? Where in process is the sale of their home?

4) What are the contingencies and the COE… and the potential roadblocks to meeting those?

5) How big is the down payment? (This can be critical if your appraisal comes in less than the list price!)

6) Which offer should I counter to get closest to what I want & need?

7) Has my agent worked with the buyer’s agent before and what was the experience?

We could literally write a book (or film a mini-series!) on the process of evaluating, countering, accepting and closing on offers. Since we’d rather be working with you and ensuring your ultimate success, we encourage you to have a chat with us instead! Ask us anything, and while we might not know it all, two decades in virtually every type of market has taught us a great deal that we would be honored to share.

Let's talk soon,

Mark