What to Look for in a Homebuyer’s Offer
When you receive an offer from a buyer on your home for sale there are many things to consider.
The first thing you want to do is review the terms of the offer. How much of a deposit are they offering? What is the purchase price?
Next, take a look and see if the buyer is asking for closing cost assistance or credit. The type of financing they have plays a large role, too. It’s very important to call the buyer’s loan officer to make sure they are fully pre-approved with the financial documents to back it up. Another thing to look at is whether they want any personal property added to the sale of the home.
The dates on the contract are very important. What date do they want to close and what date will they be fully approved to purchase? The home inspection dates are important as well.
Next, look for contingencies. If they need to sell their current home to buy yours, is their home listed at a price where it will actually sell?
These are just a few of the things you’ll need to look at when weighing purchase offers for your home. If you have any questions for me, don’t hesitate to reach out via phone or email. I’d love to get in touch.