Posted on November 8, 2018 - 05:00 AM
by Todd Riddle
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a buyer.
Some terms that may work in your favor:
higher-than-market-interest in a second mortgage for your home
the buyer will pay for most or all of the closing costs
the buyer will take care of any repairs
quick close - the buyer is pre-approved and ready to close in a timeframe that best suits you
When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.
Thank you for finding a buyer for our home in Missouri City, Texas. I am impressed with your ability to not only understand the real estate market generally, but your ability to actually produce buyers. Furthermore, you were able to understand and motivate the prospective buyers in a way that they became enthusiastic buyers. This ability you possess is the difference between listing a house and getting it ready to show on the one hand and finding an interested, qualified buyer on the other. That difference is huge. The former is marketing, but the latter is selling. We had previously engaged other, well known brokers in the area to sale our house with very little success. Within weeks of you having listed the house, you produced at least two prospective buyers who were truly interested in buying the house. There were problems that had to be solved in the process--and you solved them. When you focus on a particular house for sale, you seem to be able to shift into another gear and get the job done. We truly appreciate the way you handled our real estate needs.