Posted on April 16, 2019 - 12:33 PM
by don preisser
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a buyer.
Some terms that may work in your favor:
higher-than-market-interest in a second mortgage for your home
the buyer will pay for most or all of the closing costs
the buyer will take care of any repairs
quick close - the buyer is pre-approved and ready to close in a timeframe that best suits you
When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.
"We purchased our home in a very high sellers' market - multiple offers were being placed on homes, getting higher than asking price. The first home Don showed us was my "dream home", but even though we made a great offer, the sellers accepted a full cash offer with no inspection, and so we moved forward. Don showed us many homes and he had to do several offers, finally landing a home that we liked. Through the inspection some major issues were found. Literally while we were at the inspection, Don found out the cash buyers on our "dream home" backed out that day, just before closing. He helped us get out of our current contract and although we wanted to offer more on the dream home than Don felt we should, we listened to him. He was right, and our offer was accepted! I couldn't be more happy in Don's knowledge, quick response and keeping our best interest at heart, that we now have "Our Dream Home". He did such a great job, we will probably never need his services again, but I would highly recommend him to anyone looking!"lana344
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