Selling your home is quite an undertaking. While the ideal scenario is to find a buyer that is willing to meet your terms and accept your price, many sellers receive multiple offers that are each appealing in their own ways. Fielding too many offers is certainly more preferable than receiving none at all, but how does a seller decide which is best? Believe it or not, when it comes to selling your home, the "best" offer might be a little harder to recognize than it may seem. Here are five tips to help you decide on the best offer when selling your home.
Watch any popular real estate show on television, and you've probably heard a lot of different takes on short sales. Some people swear by them, while others avoid them.
But what is a short sale all about?
A short sale is the sale of a property for less than the mortgage amount. Short sales aren't quite the same as foreclosures: They're a negotiated agreement between a lender and borrower. Both parties are motivated to sell, but that doesn't mean it's always the best deal.
For a short sale to happen, two things need to be true: