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How to Pick the Best Home Buyer?

How to Pick the Best Home Buyer?

All of the hard work you put into cleaning and renovating your house has finally paid off when you receive multiple offers for your house on sale. But in today’s real estate market, multiple offers can easily confuse every seller while closing the deal. If you make a wrong choice it would cost you time, stress and losses that you would want to incur.

We come across similar and multiple offers that all seem daunting. Right perspective and the ability to figure out differences in each offer to make the right decision and close the deal. 


Not sure how to get started? 

Here are five things that will help you skim through multiple enquiries and pick the best one.  


Have your Checklist


You need to have a checklist to review and seek genuine buyers in order to save time and money both. If you have your priorities and non-negotiables in place then it is easy to factor out on the basis of the type of financing, closure time and contingencies which you're bound to consider. This process will make it easier for you to figure out with ease. 



Know about your buyer’s finances 


Irrespective of how genuine a potential buyer might seem it is important to know their financial whereabouts. If the buyer doesn't have the right mortgage lender to finance then it would be pointless to consider that buyer. It is essential to make sure that they are pre-approved for a mortgage from a trusted lender. 


Keep your needs above everything


The purpose of listing your property should be clear. For instance, if you're looking to purchase another home when your current home is sold then the closing date should be your priority. If you’re looking for good returns to, later on, invest somewhere then your focus should be on the pricing. 


Do the math



While you're in the process of categorizing, reviewing, and assessing home seekers, it is important to calculate the net profit that each enquiry has to offer so that you can narrow down the genuine ones after reviewing and assessing all of them. If a potential buyer is offering you a full price but has no down payment is requesting to close the deal three months after the date of the contract, then you need to think before you say yes! On the other hand, if you have another buyer who offers less than the final price, but can close in 45 days, that deal is more profitable than the first.

Make sure you take time to pause and view each offer from multiple factors like time, money etc and choose the best possible deal. 

 

Conclusion

One needs to look at the bigger picture and pick the most eligible individual whose offer is close to your expectations. One has to figure out a genuine buyer amongst the enquiries, one who loves your house as-is and riddle out the ones demanding major adjustments. 


If in case, you’re looking to sell your property online, we’ve got your back! 






 


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