Home Seller's Guide -v.3

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 offer 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 a home seller 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 cause delays because they require certain approvals. CLOSING TIMELINE You might need to close quickly to move on to the next adventure, or you might need to extend the closing date to allow time for your 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 or some specific closing costs.

BUYER LETTER A buyer letter is usually a sort of introduction to the buyer(s) and helps the seller get to know the buyer with any specifics to their situation. REPAIR REQUESTS If your home is "turn key" or recently remodeled, there may be little to no repair requests. Some repair requests can be expensive. It's important to know what is best for you. 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 best offer for you.