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DO SELLERS ALWAYS ACCEPT THE HIGHEST PRICE?

Hints & Tips - By Jennifer Drabic

 

Although most people would assume the answer to this question is a very definite YES, in reality, it is not always the case. A good offer is made up of the most favourable terms & conditions to the seller, which doesn't just include the price. You also must take into account the conditions (or subject to's) of the offer, the settlement date, inclusions/exclusions of the sale, deposit amount &/or any number of additional factors. In my experience, a seller will always favour a cleaner & more straight forward offer (i.e. cash, unconditional or simply with fewer subject to's attached) even if the price is a bit less. I suppose the old saying still rings true – a bird in the hand is worth two in the bush!