subject: The Right Way Of Reviewing Offers For Homes For Sale [print this page] Probably one of the surreal moments of putting up homes for sale for homeowners is when buyers put up their own offers. This is especially true for owners who have been waiting a long time for their homes to sell and are starting to be at risk of being stale. But even though this part of the process is particularly elating to some, it can also be difficult to others. Knowing that one is about to part with the home is extremely hard. If you're having a hard time dealing with this stage of home sale, look at some of these helpful advice.
Before everything else
Before you can expect buyers to make an offer to your home for sale, you must not forget to disclose any information that materially affects the value of your property. The three things you must include are the physical condition, legal condition and any safety, health or environmental hazards. This step is hard to miss as most buyers agents will request this before making an offer.
Moving on
Once you get the purchase offers for your home for sale, there are things that you shouldnt miss. The purchase offer document generally contains the specific information, including: the proposed price, list of items included with the sale, terms and contingencies of the sale, seller concessions, proposed closing date, amount of earnest money, and expiry date.
Like mentioned, selling the property is extremely difficult for others. For them the house has been the place where theyve created lasting, precious memories. But its important that you detach yourself emotionally and start calling the property a house instead of a home. Always remain professional and view the offers in a strictly business point-of-view.
There are instances when you receive offers that are low than expected. Oftentimes the reason is a specific part of your home that does not entirely suits the buyers taste. If youre fine with the offer, take the criticism facetiously. But if you think the offer is too low, you can offer an allowance for improvement. However, remember only to do this if the buyer accepts to pay full or higher after the change.
Nevertheless, if you think the offer is too low, you can write a counteroffer. Dont be afraid to reject an offer since the purchase agreement is not binding until the document is sign by both of you. Take time to negotiate and, if it happens, learn how to handle multiple offers to home for sale. This should also be true with lowball offers; dont reject them right away make a counteroffer.
