Price is just one of many considerations when deciding which offer is best for your home. Here are some of the other factors that matter.
CONTINGENCIES
Contingencies are conditions that must be met for the sale to proceed. Fewer contingencies can mean a smoother closing process.
CLOSING TIMELINE
The closing timeline can impact your decision. Align the proposed closing date with your schedule and plans.
ALL CASH BUYER
All cash buyers can offer a faster and more reliable sale, without the need for mortgage financing.
CLOSING COSTS
Buyers may request you cover some closing costs. This affects your net proceeds and overall profit.
PRE-APPROVAL
Offers from pre-approved buyers are more secure, reducing the risk of the sale falling through due to financing issues.
REPAIR REQUESTS
Consider the extent and cost of any repair requests and how they will impact your net proceeds and timeline.
LOAN TYPE
The type of loan can affect the sale. Conventional loans have fewer restrictions than FHA or VA loans.
OFFER PRICE
While crucial, the offer price should be weighed against other factors like contingencies and closing costs.
