Consider that you’ve put your home on the market and are now receiving offers. Other than the purchase price, what’s REALLY IMPORTANT to pay attention to in an offer?
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty… and I sell homes in Oakland, Berkeley, and the East Bay on both sides of the Caldecott tunnel.
As a seller, getting an offer on your home can be an exciting time. With your home as likely your largest asset, you want to get as much as possible with your transaction. SO Here are some essential things to consider with the offer.
How will the buyer finance the purchase? Knowing how well the buyer is pre-approved and can show proof of funds is important. Remember, while cash may appear King, it doesn’t always give you the most negotiating power. Weigh both the pros and cons between a mortgage and an all-cash transaction.
How much money is the buyer putting down in good faith to secure their offer? This is the “Earnest Money Deposit” Usually, a higher than standard good faith deposit indicates the buyer is serious about the purchase and knows the risks of losing the deposit.
What contingencies are attached to the offer? The more contingencies a buyer places with their offer, the more chances they have to walk away from the purchase. You may want to consider an offer with fewer contingencies.
What does the closing timeline look like? You should choose an offer with a closing date that allows you enough time to complete your move.
And finally, work with a trusted realtor, like myself, to be sure you understand the contract so you can successfully close the transaction without any hiccups or misunderstandings. Call or text me with any questions you may have about selling your home, so I can help you make informed decisions in today’s market.
And if you’re thinking about selling, ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them offering my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?
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