Reviewing Offers

Price is just one of many considerations when deciding which offer is best for your home.
Here are some of the other factors to consider.

Contingencies

The fewer contingencies on an offer the better. Shorter time periods are also valuable.

All Cash Buyer

A cash buyer is usually more appealing than a finance offer as the seller doesn’t need to worry about the bank approving the loan.

Pre-Approval

Assures home sellers that the buyer can get the loan they need.

Loan Type

A conventional loan is often the least complicated. This is an appealing choice for sellers. An FHA loan can require certain repairs and approvals.

Closing Timeline

You might need to close quickly to move on to the next adventure, or you might need to extend the closing to allow time for the next home to be ready. Choosing the offer with the closing time that fits your needs will be most attractive to you.

Closing Costs

Sometimes an offer comes in high, but the buyer asks you to pay a percentage of the buyer’s closing costs.

Repair Requests

If the home needs some repairs, but you don’t have the time or money to do them, a buyer who is willing to do them for you might be what you need.

Offer Price

Of course price matters too! If a high offer will cost you more in closing costs, repairs, or other factors- then it probably won’t be the better offer.