Posted on April 25, 2019 - 07:40 AM
by Lance Eaton
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.
Lance helped my husband and I find a home to buy while we were on a house-hunting trip this past summer. The market was very tight and limited our selection in our price range, but Lance was great about helping us look at all our options in a limited time frame. His knowledge of the local building history was helpful in understanding the homes we saw. With his input we were able to find a home that fit our budget and had many of the characteristics that we were looking for. Hannah S