If you are planning to purchase your home, know that price is just one of many aspects of making an offer attractive.
Here are some of the other factors to consider in crafting a winning offer:
Contingencies
Contingencies are conditions that must be met for the sale to proceed, such as financing or appraisal. Fewer contingencies can make your offer more attractive, but they also carry added risks.
Inspection
A home inspection allows you to assess the property’s condition before finalizing the purchase, identifying any issues that may need repair or could affect the value of the home.
Repair Requests
Repair costs refer to the expenses associated with fixing any issues uncovered during the home inspection process. Buyers often request the seller either complete these repairs before closing or offer a credit toward the cost.
Closing Timeline
The closing timeline is when the transaction will be finalized. Matching or being flexible with the seller’s preferred timeline can improve your chances of offer acceptance.
Closing Costs
Closing costs are often shared, but offering to pay a portion of the seller’s costs can make your offer stand out. •