By David Parks · eXp Realty · The Apollo Group · 2 min read
The Short Answer
The highest offer is not always the best. Financing, contingencies, closing date, and earnest money all affect the odds of closing and the money you walk away with.
Stock photo: Pexels
Look at the whole package
Financing type: cash, conventional, FHA, or VA can carry different risks and timelines.
Down payment and pre-approval strength.
Contingencies: inspection, appraisal, financing, and home sale.
Closing and possession dates.
Earnest money amount.
Requests for concessions or repairs.
Think about risk
An offer with a lower price but cleaner terms may net you more than a higher one that falls apart. Consider appraisal risk, especially when the price is well above recent sales.
Ask your agent to talk to the buyer’s agent and lender to verify financing. Ask about proof of funds and the buyer’s flexibility.
Counteroffers
You can counter on price and terms. Focus on what matters most, such as timing or fewer contingencies.
Net sheet
Ask your agent for an estimate of what you would take home under each offer, after costs and concessions.
Key Takeaways
Look at the whole package: Financing type: cash, conventional, FHA, or VA can carry different risks and timelines.
Think about risk: An offer with a lower price but cleaner terms may net you more than a higher one that falls apart.
Ask questions: Ask your agent to talk to the buyer’s agent and lender to verify financing.
Counteroffers: You can counter on price and terms.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.