How to Review Seller’s Market Offers in Stockton (And Around the 95242 Zip Code)

Seller’s markets come and go, sometimes fast, sometimes slow. If you’re trying to sell your house in Stockton or around the 95242 zipcode during a seller’s market,  you might get multiple offers if priced appropriately. Here’s how to review seller’s market offers in Stockton…

A seller’s market is when there are more buyers and fewer properties. Simple supply Vs demand comes into play, whenever you have more demand than supply, your in a sellers market. When ever your have more supply Vs demand, it becomes a buyers market. For sellers, it’s an exciting time to sell in a sellers market because you may be able to get a higher asking price. You might also get multiple offers on your house at once if priced appropriately.

If you’re selling your house and you received multiple offers, you might be asking yourself, “now what do I do?” Although multiple offers might be exciting to receive, it can also be overwhelming because what you do next will determine weather you make a deal or loose a buyer. Fortunately, there are 4 things you can do to help ease the burden and approach your multiple offers to your greatest advantage…

How To Review Seller’s Market Offers In Stockton

First, sort the offers into those who are ready to buy and those who are buying contingent on something else. Some people put offers on houses contingent on them getting approved for a mortgage or contingent on them selling their house. Meaning if their contingency doesn’t work out, they don’t get a mortgage approved or they don’t sell their house, they won’t be able to move forward with purchasing your house. If you declined non contingent offers for whatever reason, you may have lost that buyer who made an offer with out contingencies because they most likely already moved on to purchase another house. If thats the case you may have to start the sales process all over again.

You don’t have to discard the contingent group but it’s often easier and faster to work with someone who doesn’t buy based on a contingency.

Second, sort the remaining ones based on which is more important to you – either the speed of the sale or the price. (For some sellers, a faster sale is more important than a higher price). Of course both are important but usually one will be more important than the other.

  • If speed is important to you, sort the offers by the ones who are closest to the timeline you want to move in.
  • If price is important to you, sort the offers by the ones that are highest to lowest in terms of price.

Third, if you have several that match your preference above (such as: if you want to move by the end of the month and you have several offers that work within that timeline) then sort by the ones that don’t add any conditions. The more conditions a buyer adds, the more work it may be for you.

By the end, you’ll have a pile of offers – at the top will be the ones that offer the best speed or price (whatever is more important to you), the least conditions, and are ready to buy right away. And at the bottom are those who aren’t ready to buy because they have contingencies.

Once you’ve sorted your offers this way, start working through them from the top, making counter offers from a position of strength!

If this is overwhelming or if you don’t have as many offers as you’d like, or if you don’t have the offers that you want, there is another way to sell: you can sell directly to us at MCB Homes Inc..

We buy houses in the 95242 zip code and all around the Stockton area. Get in touch with your office at (209) 743-0602 or click here and enter your information to get a fair cash offer from us today.

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