How to Review Seller’s Market Offers in Milwaukee (And Surrounding Zip Codes)

The real estate market fluctuates frequently and seller’s markets come and go. If you’re considering selling your house in Milwaukee or around the surrounding zip codes during a seller’s market, then you might get multiple offers. In this blog post, we will dive into how to review an offer in a seller’s market……

A seller’s market is basically when there are more people looking to buy and fewer properties available. For sellers, it’s an exciting time to sell because you may be able to get a higher asking price. You might also get multiple offers on your house all at once.

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. 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 Milwaukee

First, organize 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.

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

Second, organize the remaining offers 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 more important to you, sort the offers by the ones who are closest to the timeline you want to move in.
  • If price is more 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 organize 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 stack 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…..at the bottom are those who aren’t ready to buy because they have contingencies.

Once you’ve organized all 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 Sparks Property Investors LLC.

We buy houses all around the Milwaukee area. Get in touch with our office at (262) 288-0580 or click here and enter your information to get a fair cash offer from us today.

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