Picking the best offer
When selling your Metro Detroit Michigan home you may receive more than one offer. Just because one has a higher price does not mean it is the best offer.
You have to figure out the net price. Is the buyer asking for any seller concessions, closing costs, or credits. That is money coming out of your pocket. If they are asking for $5000 in sellers concession that is $5000 off the sale price.
Here are some other items you have to consider:
Are there any contingencies such as do they have to sell their house?
do they have to do an inspection?
do they have to get a mortgage?
A cash sale is usually better than somebody that has to get approved for a mortgage.
A buyer who is not going to do an inspection is better than one who is because the inspection may turn up something that the 2nd buyer doesn't like. It gives them an "out" of the contract.
If they have to sell their house, what happens if they don't sell? You will have lost out a good sale for a few thousand less.
When you get a purchase agreement or sales contract for your Metro Detroit home read it carefully. Have your agent read it. Ask your agent about anything that you don't understand. Once you sign it, it is too late. Think about it, analyze it, and then sign if you want to sell your home.
By being an informed consumer. Whether you are selling Detroit real estate, Oakland County real estate, Ann Arbor real estate, or Wayne county real estate by asking questions or reading up on real estate will help you feel more at ease with the situation.
Novi homes for sale, Canton Homes for sale, Plymouth homes for sale