Key takeaways
- Not all offers are equal — know what to question before you accept.
- Weak deposits, excessive contingencies, or poor financing can derail your sale.
- A Redfin real estate agent can help you evaluate buyer strength and avoid risky deals.
Selling your home should be exciting, not stressful. But not all offers are created equal. According to the National Association of Realtors, 11% of home sales encounter at least one delay, most often tied to financing or appraisal issues. Knowing what to look for in an offer can save you time, money, and frustration.
Here are seven red flags in an offer on a house that every seller should recognize.
1. Low earnest money deposit
Earnest money shows a buyer is serious. If the deposit is unusually low or missing altogether, it could mean the buyer isn’t fully committed. Serious buyers usually put down 1% to 3% of the purchase price.
2. Virtual buyers who haven’t seen the home
Some buyers make offers without touring the property in person. While this may seem harmless, it can backfire if they change their mind after inspection. Ask your agent how to protect yourself if a virtual buyer submits an offer.
3. Home-sale contingency
A home-sale contingency means the buyer must sell their own property before purchasing yours. This can create delays and uncertainty. If you consider this type of offer, ask about adding a kick-out clause so you can keep your home on the market.
4. Unusually long inspection periods
Standard inspections take about a week. A buyer asking for extra time may be testing the market or stalling for another reason. Longer windows can mean more opportunities for them to walk away.
5. Weak or questionable financing
Financing is the most common reason deals fall through. A strong offer should include a preapproval letter from a reputable lender. Be cautious if the buyer’s financing seems uncertain, comes from an unfamiliar lender, or is dependent on selling another property.
6. Offers…