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How can homebuyers compare real estate offers effectively?
BuyersSellersReal Estate AgentsMortgageListing
Answer
Compare offers not just by price but terms like inspection deadlines, contingencies, appraisal coverage, and possession details. For example, an $8,000 higher offer with vague terms may be riskier than a slightly lower offer with a seven-day inspection window and appraisal gap coverage up to $10,000. Sellers prefer transparent, scheduled offers. Evaluating apples-to-apples terms lets you choose the best overall deal that fits your financial comfort and likelihood of closing.