Most Important Factors to Consider When Choosing an Offer on Your Home - Part 2
With so many factors to consider when choosing an offer on your Madison home, this blog post needs two parts. There are several factors you want to look at. If you haven't seen Part 1 of this blog series, check it out here.
More Important Factors to Look at When Choosing an Offer on Your Home
1. The Intent of the Buyer
Some buyers want to buy your home to completely redo it or even get rid of it. This might be rare, but it does happen. If it's important to you that the home goes to a good family or a buyer looking to enjoy the hard work you put into it, you may want to look at the intent of the buyer.
2. Flexibility of the Buyer
Sometimes, buyers don't offer much flexibility in their offer. They may need to move in fast and it's not an option they are willing to concede.
When considering the right offer for you, the flexibility of the buyer is important. Your situation will likely dictate how flexible you need the buyer to be and what you're willing to accept.
3. Size of the Deposit
When a buyer makes a large good faith deposit, it usually means they are rather serious. Offers on your home may be nearly the same, but the deposit isn't A higher deposit makes it harder for the buyer to walk away.
Higher deposits usually speak to the financial health of the buyer, as well. Deals fall through due to a failure to get approved for financing all the time. If a buyer is willing to put down a sizable deposit, they have confidence they can get approved to buy the home.
4. Any Repair Requests
If the buyer has made an offer with repair requests, you should consider this when looking at multiple offers on your home. The repairs may not be significant, but they could set one offer apart from the others.
5. Whether the Buyer Toured the Property or Not
Some buyers will make an offer without actually seeing your property in person. This isn't a bad thing, but it should be factored in when choosing an offer on your Madison home.
If you have two offers and they are nearly identical, but one buyer has toured the property and the other hasn't, it might be best to choose the offer from the buyer that has seen the home. The last thing you need is a buyer making an offer and trying to back out once they see the home in person for the first time.
With so many things to consider when you have multiple offers on your home, you really need to make sure you have the right real estate agent. Before you list your home for sale, make sure you do your research and choose a good Madison real estate agent.
With a good agent helping you, choosing the right offer won't be so difficult. They will be able to spot a good offer when they see one.