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Tips to Select the Best Buyer from Multiple Options

As an seller nothing can be happier for you than to have number of qualified potential buyers queued in a row to buy your home. But the flip side of this happy situation is that it may put you in dilemma to select the best buyer. Every buyer may have unique quality which will influence you to chose him. Soon you will find it difficult to select the best one as all have the potential. Then how will you assess the all buyers, what parameters will you use to compare all on them. Here are some basic suggestions form FSBO Home Listings, you can use to select the best option.

Compare the economic condition of all the buyers:
No one wants to let the best ideal deal go from their hands, and here such kind of people make some hasty decisions buying without having enough cash in hand. After some time they do not find themselves capable to stand to justify their decision as they have lack of money. So there may be some buyers who are not capable but willing to purchase your home because they have liked your home. Now it is your obligation to check the potentiality of all the buyers on the basis of their economic condition which you can check by asking a few questions to buyer and others. Which are as:
How will they pay for home?
What is their occupation?
What is the value of their previous home?
What is their living standard in society?
Ask others about the buyer’s wealth and background?

Do not go for maximum price without:
As your house is in demand and liked by many person then may be possible that the person who is ready to give highest price, has come without investigating the house condition. Here he can deny the deal after checking the home as he may find himself giving more price than the market price. So it would better for you to ask the buyer to check the each and every part of home therefore he can find the home satisfying his need and market price. And after that he would be able to take the right decision.

Keep a backup:
Do not depend on one buyer always keep some other buyer in loop. We all know that buying home is not an easy decision, buyer also go for different options and after comparison he chose the best one. And as you have several options, the buyer also may have number of options. He would be talking to other sellers. So ever do not give negative response to any buyer, keep the discussion running with all till the one, whom you have chosen, do not give the consent for buying home. After consent, you should ask for token money in order to be secured.

Final words:
Buying and selling is very tough decision because an wrong decision can enforce you to repent over for the rest of life as it involves huge sum of money. Therefore it is necessary to check each and every point like potentiality of buyer, history of buyer, need of buyer, and so on. As many questions and parameters you can use, you should use. Do not make haste but delay also, and you can do so by just being wise enough and keeping the above mentioned points in mind.

Posted on September 11, 2015 by James Franke in FSBO Blogs