Selling your house can mean the beginning of a fascinating journey. It also means plenty on your plate. Though you may forget about a thing or two during the process, you should always consider these factors in a home buying offer. That way, you come away with a win!
Money
Let’s start with the obvious. Money talks! Still, it’s not the end-all, be-all. You may find that other factors speak louder than cash—like the ones below.
Financing
Of course, some financing options may speak to you more than others. For instance, you may want a buyer with a preapproval letter. Full cash or mostly cash offers can also be a huge incentive too. Remember to weigh these options carefully!
A specific timeline
Some sellers are trying to make a move as soon as possible. Others may want a few extra weeks to get packing. The timeline of the move-in can make a huge difference. If you have a deadline in mind, don’t be shy about mentioning it to your Realtor.
Contingencies
As we mentioned in a previous blog, there are a few types of home buying contingencies. If you want to avoid appraisals or inspections, you may prefer buyers that choose not to rely on them. (However, we always recommend getting homes inspected during a home transaction.)
Alternatively, if you don’t think buyers are offering enough, it may be important to explain the results of a value appraisal to them.
And don’t worry—if this sounds confusing, your Realtor can guide you through it all. You can also read all about contingency basics here.
Repairs
This relates to contingencies! You’ll want to know the details though.
Maybe the home inspection yielded a few pricey fixes. Or, you’ve only got cosmetic issues to handle.
As you consider these factors in a home buying offer, you can’t forget about repairs. A buyer who requests that you handle and pay for repairs may be your ideal option, so you don’t take a hit on the sale. On the other hand, you might not mind knocking some dollars off the price if a buyer agrees to cover the cost of fixes.
Summary
We know—when you consider these factors in a home buying offer, you have a lot on your mind. Still, you don’t have to go through this big journey alone. In fact, with a knowledgeable Realtor on your side, you can sell your house with peace of mind. Contact Ryan Roberts to get started. And yes—he’ll be happy to answer all your real estate questions!
Still have more to learn about the market? You can always check out our blog here for tips, resources, and F.A.Q.S.
