There are many great Baltimore area homes for sale. Click here to perform a full home search, or if you’re thinking of selling your home, click here for a FREE Home Price Evaluationso you know what buyers will pay for your home in today’s market. You may also call me at (410) 638-9555 for a FREE home buying or selling consultation to answer any of your real estate questions.
We’ve got something for buyers and sellers today. The topic is making an offer, and we’re going to talk about what can make your offer more appealing to a seller.
There are a lot of things that go into an offer. The price, of course, is important, but you should also pay attention to things like the terms of the contract and settlement dates. Whether you’re a buyer or seller, make sure you’re not out of town on the settlement date. As a seller, you will want to know a lot of things about the buyer’s offer, including the kind of offer, whether it’s a cash deal or financing, what kind of financing, whether or not they have a pre-approval letter, and how much contact they have had with a lender.
If there is a multiple offer situation, you want an offer to be as appealing as possible to the seller. Someone who is only contingent on an appraisal and has all the other paperwork covered can settle quicker and therefore may be more desirable to the seller.
For sellers, you should factor in what you’re moving into. Are you going out of state? Upsizing? Downsizing? Have a backup plan in place so that if a buyer falls through, you aren’t stuck paying two mortgages at once.
Inspections are going to be crucial for both buyers and sellers. There are generally repairs that need to be made, but many times an amount is built into a buyer’s loan specifically for these repairs.
Keep all of these things in mind when you are buying or selling in a strong seller’s market like this. If you have any questions for us, give us a call or send us an email. Don’t hesitate to reach out.