Who’s the best buyer for your property? | SummitDaily.com

Who’s the best buyer for your property?


You might think choosing the right buyer for your home will be a pretty easy decision ” simply select the one who bids the highest price. But the decision can be more complicated.

Consider all of these criteria:

Price ” The buyer who comes closest to your asking price is the one you will give the greatest consideration. Sellers should also make sure that buyers who submit an offer, are qualified for any loans the offer is contingent on. A mortgage loan pre-qualification or pre-approval sets the stage. Then, once an offer is accepted, a mortgage commitment from a lender is a must.

Perks ” In addition to price, some buyers may be able to sweeten the deal by paying cash or removing certain contract contingencies. For instance, many buyers must sell their current home to fund the purchase of their next house. If a buyer is able to waive that contingency, their offer may be more appealing.

Flexibility ” If you are working with a strict moving timeline, a cooperative, flexible buyer who is able to meet your deadlines is very appealing.

Contract Deadlines ” Purchase contracts typically include deadline dates for contingencies such as, loan commitment, appraisal and inspections. Contracts that have a shorter time frame to fulfill these contingencies are usually preferable.

Finally, pay attention to your instincts and listen to the expert advice of your real estate professional.

MARKETA JONAS-HAGY is a real estate broker with Century 21 Gold in Frisco. She has been helping people with their real estate buying and selling needs for 14 years. You can reach Marketa at (970) 668-2121 x 215, (800) 548-0021 x 215 or by e-mail at marketa@colorado.net.

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