“Multiple Offer” Multiple Choice: What Was the Tiebreaker?

See if you can guess which of the following contractual terms reportedly clinched the sale for the winning bidder in a recent Twin Cities home sale:

A. Purchase price was $10k higher.
B. Closing date was flexible.
C. They waived the Buyer’s home inspection.
D. They assumed a $600 pending city assessment.

Correct answer: “D.”

That answer isn’t as far-fetched as it might seem, especially if the competing offers were closely bunched.

That’s because a Buyer who assumes a $600 special assessment isn’t just paying nominally more for the house.

They’re also signaling that they’ve read (and digested) the Seller’s various disclosures, and are likely to be similarly diligent when it comes to things like resolving any inspection issues, securing their financing, and generally working together the next 4-6 weeks.

Which is exactly the kind of Buyer that Sellers want to sell to . . . (tough syntax, I know).



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