There are many things to consider when choosing the right offer for your property. The best offer may not be the highest. In our latest post, we will offer tips to help you choose the best offer for your Columbus house.
Having multiple offers or different options when it comes to selling is a dream come true! Every seller would love the problem of trying to decide between multiple offers. However, you’ll want to employ some strategy when deciding which offer to pick. Just because the offer looks good on paper, doesn’t mean it’s the right one. Keep reading to learn more about some things to consider when deciding which offer to accept for your house in Columbus.
Tip #1 – The Actual Profits
When looking at an offer on paper, it’s important to consider all of the costs you will incur, and deduct them from that offer price. This will give you a good idea of where you stand financially. A few things you might want to think about are your closing costs which will run about 2-5%. If you are leaving appliances or furniture behind when you move, these items may need to be replaced, which is an additional cost you will encounter after the sale. You should also factor in the cost of repairs needed in order to sell. You will likely make some repairs upfront and a few more after the inspection has been completed. Keep in mind, if you sell your house directly to Flavortown Properties, there are no repair or closing costs to worry about.
Tip #2 – How They’re Buying
Some buyers will pay in cash, without requiring a loan, while others will need to talk to the banks about financing. Cash buyers are often favored by sellers due to the faster closing speed and less red-tape. The offer is much more likely to go through as you are not bound by the results of an appraisal. Banks pull funding all the time because houses don’t appraise high enough. If your buyer is using bank financing to acquire the home, make sure they have been pre-approved so you don’t have to wait even longer for that to occur. Please note, that being pre-qualified is different than being pre-approved. With a direct sale to Flavortown Properties, you won’t have to worry about any hassles or waiting. The funds are available to purchase your Columbus house outright, without any hassles or waiting. Our process is extremely simple and straightforward, with no red-tape to worry about.
Tip #3 – The Timeline
“How quickly can the closing take place?”
That’s the big question that every seller will want to know. We’ve discussed how you need to get an agent and why, and we’ve got a buyer ready and willing to purchase your home. Now you’re wondering how soon we’re going to close. Let me tell you up front: it depends on many factors, but I’ll do my best to give you as accurate of an estimate as possible right now based on what I know about this specific situation.
“I don’t expect anything less than two weeks from today,” is what I suggest here with the information available now.
You may not be able to talk about those exact numbers because it could turn out that there are certain things that you don’t want to discuss with your agent, but at least there’s a starting point.
Tip #4 – Buyer Intent
Do you want to make sure your home goes to a good home? Many people feel an attachment to their property, and with good reason. It has likely been the place of many memories and laughs. When selling your Columbus home, when you find a buyer who will love the home as much as you do, you’ll have the peace of mind needed in order to sell confidently. When deciding which offer to accept for your Columbus house, learn more about the people who want to buy and why. What are their plans for the home? Are they planning to live there and love it as you did, or do they want to tear the property down for something better? Remember, it is never ok to discriminate, but you do have the right to decide which offer is right for you! When selling your Columbus house, it’s nice to have the peace of mind in knowing that the new owner will love the property as much as you do.
When choosing the best offer for your Columbus house, it’s important to consider more than just the price. The selling timeline, method of purchase, and intent of your potential buyer can all have an impact on which offer you ultimately choose. To learn more about the costs and alternate ways you can sell your house in the Columbus area, feel free to reach out to us at any time.