Selling Your Seattle Home? Here’s How To Review An Offer
If this is your first time working with a Seattle real estate transaction you may be thinking that the price is the most important part of the deal. While it is definitely one of them, there are a lot of other deciding factors that will influence the sale just as much as the price. You may get a stunning offer price-wise that needs to be turned down based on other things.
Here are some of the common problems that can turn up when you are reviewing an offer to sell your Seattle home.
Financing conditions
Sometimes a buyer will include very restrictive financial conditions for the purchase. As the seller you need to know whether this buyer has a good chance of getting the financing before the offer can be approved. If there is another offer being put on the table by someone that has a pre-approved mortgage at hand, but is offering a slightly lower price, you may want to take that second offer. If you wait for the first offer to be finalized and something goes wrong, the second buyer will have probably already moved on to another Seattle home purchase.
Closing date
Sometimes the closing dates between the buyer and the seller can be spread so far apart that the offer is no longer viable. If you’re going to have to wait months before the seller can move in, and you have another house that you will take possession of it in only a few short months, there will be a conflict. You can try negotiating the closing date but in some cases it isn’t flexible.
Chattels
These are the things that are not built into the home that are being offered or asked for in the offer. When you are selling your Seattle home you have the option of adding appliances, window coverings, sheds or any other type of chattel. On the other hand, the buyer also has the right to ask for things to be included. These items are usually easy to negotiate and your real estate agent will know how to bargain for the best deal.
There are other things that you need to review when you are looking through an offer and your real estate agent will show you the ones that are the most important. He will also let you know how to best deal with them when you are selling your Seattle home.
This blog is courtesy of Adrian Willanger at Coldwell Banker Danforth & Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area.
Related posts:
