Choose the Right Offer When Selling Your House
By the time you finally get an offer, itʼs tempting to sit back and coast through the contract stage.
But thatʼs a bad idea. You donʼt want to get stuck with a delayed closing date or worse—get less money than you deserve for your home. You need to choose the right offer. Hereʼs what to focus on once someone has said “yes!” to your home sweet home.
What to Look for in an Offer?
The purchase agreement kicks off the offer stage and sets the tone for the rest of the process. Your agent should explain the offer to you in simple terms so you understand what youʼre agreeing to before you sign on the dotted line.
Pay close attention to these items:
– Purchase price
– Escrow period and closing date
– Special allowances for personal property, home improvements and closing costs
– Contingency deadlines for the home inspection, appraisal and buyer financing
– Additional contingencies such as the sale of the buyerʼs current home Weighing Your Offers
With any offer, itʼs important to look beyond the purchase price and take the whole package into account. Think of it this way: Even a low offer is an opportunity to get your home sold, so donʼt take it personally. With some skillful negotiating, you can turn a disappointing offer into a deal where both sides win.
Trust Your Agent to Help You Negotiate
As you sort through your offers, donʼt feel discouraged if buyers want to knock down your asking price. Trust your real estate agent to help you negotiate the best deal. Your agent will also have a better reading on whether or not the potential buyer you choose could get tangled up in contingencies or give you a smooth path toward closing.
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