The highest offer price is not automatically the best choice for your sale. When offers arrive, compare what each buyer proposes, what remains to be verified and which terms fit your plans. I would rather help you make a deliberate decision than rely on a single attractive number.
The number of homes sold in the latest market report was 21 for Latham single-family homes, condos, townhouses and apartments. For those property types, the typical sale price was $420,000 in the latest market report. Homes of those property types sold for an average of 103.27% of their asking prices in the latest market report. In Latham, the typical time on market for homes that sold was 7 days for the same residential property types.
The average percentage of asking price that homes sold for does not reveal the terms of any particular offer. The typical sale price gives context for completed transactions, not a prediction of what your home will bring. An offer deserves attention for its financing, inspection requirements and proposed timing as well as its price.
Put each offer's price, deposit and conditions in the offer, such as financing or inspection requirements, side by side. Confirm what each buyer has provided about financing and ask questions where the paperwork is unclear. Consider the proposed dates against your plans, then decide which terms you are prepared to accept or discuss further.
