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<\/figure>\n\n\n\nDetermine your preferred financing method<\/h1>\n\n\n\n
As a seller, you probably have a number in mind that you would like a buyer to meet or exceed. But it\u2019s important for the buyers to prove they can afford the home.<\/p>\n\n\n\n
If the buyers intend to get a mortgage, there should be a pre-approval letter<\/a> included in an offer on their lender\u2019s letterhead. <\/p>\n\n\n\n Do you need to sell your home fast? Then you may prefer an all-cash offer. This usually involves less risk and a shorter escrow period.<\/p>\n\n\n\n If a potential buyer makes a cash offer, ask for proof of funds before accepting it. This proof comes in the form of a bank or investment account statement.<\/p>\n\n\n\n However, all-cash buyers have negotiation power. And they typically want something in return for bringing the cash. For example, they could offer below the asking price.<\/p>\n\n\n\n The buyer\u2019s earnest money or \u201cgood-faith\u201d deposit is a sum of money that a buyer entrusts to prove that they are serious about purchasing the home.<\/p>\n\n\n\n The buyer\u2019s good-faith deposit goes toward the down payment if they close on the home. If the buyers back out of the contract, you could potentially<\/a> keep this deposit as a consolation.<\/p>\n\n\n\n This deposit is typically worth 1-2% of the sale price of the home. But the higher the deposit, the stronger the offer.<\/p>\n\n\n\n Contingencies are benchmarks buyers set that need to be met for the transaction to continue moving forward.<\/p>\n\n\n\n The most popular contingencies are the inspection and appraisal contingency.<\/p>\n\n\n\n The inspection contingency allows the buyer to have the house inspected. If issues appear, they can request to have the issues fixed or back out of the contract.<\/p>\n\n\n\n With an appraisal contingency, a satisfactory appraisal of your property must be conducted. If the appraisal doesn\u2019t match the agreed-upon price, you and the buyer will have to reach a new number before settlement.<\/p>\n\n\n\n Anytime a contingency can\u2019t be satisfied, the buyer has a chance to walk away from the purchase. So, the fewer the chances the buyer can exit the transaction, the better.<\/p>\n\n\n\n Choosing an offer with minimal contingencies is just as important as the sale price.<\/p>\n\n\n\n Finally, consider your optimal timeline for heading to the settlement table. Moving out isn\u2019t easy, especially if you\u2019ve lived in the home for a while.<\/p>\n\n\n\n Timing is everything. With that in mind, you\u2019re going to want to choose an offer with a closing date that suits your needs.<\/p>\n\n\n\n While a quick closing is desirable to some, others need more time to get their ducks in a row.<\/p>\n\n\n\n So, weigh the cons against the pros before accepting just any offer that looks appealing to the eye. Pick the offer that meets both your wants and your needs. <\/p>\n\n\n\n SOURCE<\/a><\/p>\n\n\n\n S&D Real Estate Services, LLC 863-824-7169<\/a>dee@shawnanddee.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Written by S&D Real Estate Services Are you selling your home and reviewing several offers? It\u2019s important to recognize that top dollar shouldn\u2019t be your only consideration. Here\u2019s everything you… <\/p>\n","protected":false},"author":1,"featured_media":19326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[2117],"tags":[2216],"class_list":["post-19325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-people-talk-real-estate","tag-what-every-seller-should-look-for-in-an-offer"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/19325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=19325"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/19325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/19326"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=19325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=19325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=19325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Consider the earnest money deposit<\/h1>\n\n\n\n
Look for fewer contingencies<\/h1>\n\n\n\n
Choose your ideal closing timeline<\/h1>\n\n\n\n
2000 E. Edgewood Drive; Suite 103
Lakeland, FL 33803-3600<\/p>\n\n\n\n