You might think that price is the only important factor when it comes to looking at offers from potential buyers of your home. However, there are other things that you must take into consideration aside from the price.
Most homeowners want to get the maximum price out of selling their houses. As previously reported here on Realty Today, there are certain upgrades that you can make in your home in order to increase the house value or selling price. A fiberglass attic insulation is found to yield 100 percent ROI.
While such factor is of utmost importance, Realtor.com suggested looking beyond the buyer's offered price and checking other important components.
Aside from the price, the publication noted that home sellers must look into the following details as well: Closing assistance, closing date, buyer financing and contingencies.
Some buyers may offer you the best price for the house you are selling, but others may ask for closing assistance. This may set you back hundreds and thousands of dollars if the buyer refuses to cover the closing costs.
The publication, however, noted that shouldering 2 to 3 percent of the closing costs is often asked of sellers, but thoughtful consideration regarding this must be done.
Closing date is also important when looking at various offers from interested buyers. According to the publication, other buyers may want to move in immediately without giving you ample time to find a new house for yourself, so make sure that the timing works for both you and the buyer.
The buyer's financing is also one of the most important things to consider because you need to know whether or not the buyer is really interested and serious about buying your house.
Contingencies will also help protect you in case problem arises out of your deal with the buyer. Counteroffers, however, are a great way of finding a common ground between you and interested buyers.
