The highest offer price is not enough to choose an offer by itself. When you are ready to compare proposals, I would help you examine the obligations behind each one.
For Oxford single-family homes, condos, townhouses and apartments, the latest reported figures provide townwide context. Homes sold for an average of 99.9% of their asking prices. The number of homes sold in the latest market report was 33. Housing supply, measured in months, was 3.63.
Those figures do not reveal the financing requirements, inspection terms or deadlines attached to an individual offer. The average percentage of asking price that homes sold for is context, not a standard you must accept. For your decision, I would compare the price alongside what must happen before the transaction can proceed.
Compare offers received using the same categories: price, financing requirements, inspection requirements and proposed dates. Identify any terms that need clarification before acceptance, rather than assuming an attractive price resolves them. Review each proposal's sale expenses and mortgage payoff when considering the money you would keep after paying them.
