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Updated over 3 years ago,

User Stats

32
Posts
5
Votes
Sang Yi
5
Votes |
32
Posts

Which offers would you choose and why? I'm under contract now.

Sang Yi
Posted

Received multiple offers in a short period of time. Total of 11 but only 3 really stood out to me.

Built 2009. Single story home in TN. Mid 1700 sqft. Used comparables that were under contract and closing soon. Listed at $239,900/ $138sqft Interviewed 3 listing agents with comps. How all 3 were so different really amazed me. 1 came at $217k. 2nd came with $220k and changed to $242k later on. 3rd came with $235k. I chose to go with the 3rd agent.

1. All cash offer at listed price. No contingencies. No inspection. Looks like a real estate investor from PA.

2. Conventional at $248k with appraisal and home inspection. 40% down with $2500 earnest money. Coming from CA and no need for buyer to sell current home contingency.

3. VA loan. Current active duty coming from CO. Offered $255k with appraisal gap to $5500. They are paying all closing costs minus termite for which seller has to pay.

I've already chosen one and under contract. Let me know which one you would pick.

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