Hire the Right Broker to Sell Your Beverly Hills Home

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Today, I’m going to talk about discount brokers and some of the dangers of using one.

A discount broker will offer to sell your property at a discounted rate compared to a full-service broker. The discount broker operates on volume. They are not interested in getting you the highest and best value for your home. They are using the sale of your property to attract buyers, so they can work with a buyer and get paid the full commission.

What makes a good broker? A good broker offers you the knowledge to price your home effectively to sell it for top dollar quickly with the least amount of hassle. Additionally, an ideal broker advocates your best interests when negotiating, instead of making your property fit their business model.

Are they worth the money? Absolutely, a good broker is worth every penny! They have your best interests at heart. Their goal is to get you the highest and best value for the sale of your home while offering you a full, professional service.

If you have any questions, give me a call or send me an email. I would be happy to help you!

How Should You Deal with Multiple Offer Situations?

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Today we are going to talk about how to handle multiple offer situations in Beverly Hills. When you receive multiple offers on your home, there are a few different ways you can approach the situation.

First, you can counter all the other offers. Ask all the buyers’ agents to submit their highest and best offer by a specific date.

Another option you have is sifting through all the offers and simply picking the one or two strongest to counter. If one offer is clearly better than all the others, you might want to go ahead and accept that one right away.

Here’s what you should be looking for in a strong offer. First off, you want very strong supporting documents, which include a current proof of funds and a current pre-approval verification. On top of that, we want our lender to cross-approve the buyer to make sure they are financially capable.

When you are a seller dealing with multiple offers, don’t just look at the numbers. You also have to look at the terms and evaluate the offer as a whole. Often times, people will try to trap the seller with an attractive price, only to load up on the contingencies. We don’t want that.

We want to see the entire agreement, looking at the price as well as all the terms. We also want to see who is representing the buyer and make sure they have a good track record. At the end of the day, you want a smooth transaction as well as the highest and best offer.

Every situation is unique, however. So if you have any specific questions for us about buying, selling, or investing in Beverly Hills real estate, give us a call or send us an email. We would love to hear from you!