How Do I Evaluate An Offer?

Well, as this story shows, there's more to an offer than the price tag. Factors you should consider: Is this offer at, near or above my asking price? Are there clauses and additions in their offer that change the terms and final price substantially? How long since I had another offer, or expect another offer? Can I wait? Remember every month you're probably still paying mortgage, taxes and insurance. If you have several offers... remember that an offer isn't a completed sale. Compare the risk and likelihood of a completed sale for each buyer including things like "contingencies", where your sale depends on their sale. and whether they're pre-approved for the offer they're making. Remember you have three options for an offer - accept it reject it or prepare a counter-offer that improves the terms for you in some way.