You Have an Offer. Should You Take It?
Filed under Buying a home on Oct 02,2019 | Tagged in: home buying, home buying advice, Sal Paone Builders, Washington Post
The decision to sell your home might be an easy one — especially if you’re moving to a new Sal Paone Builders home! What you might find difficult is deciding to take a prospective buyer’s offer. That’s because agreeing on a sale price is often just a starting point for a process with a number of potential red flags and pitfalls.
While the buyer might agree to your asking price, you’ll need to be sure the buyer has been approved for financing. A home inspection contingency may be part of the buyer’s offer, or they may want to get a home appraisal. Both of these can delay or derail the process and potentially result in negotiations that can erode the sale price. The buyer’s ability to meet your needs for settlement is also an important factor.
For more details on these issues, read this article written by Michele Lerner of the Washington Post. Your best bet is to have a trusted real estate professional by your side. One of our favorites is Vanguard Realty Associates. Let them guide you to a successful sale.