Posted on September 26, 2018 - 10:06 AM
by robert j. wiley
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.
I was warned by Bob if I didn’t use an agent that I could run in to trouble and that’s exactly what happened when I had no recourse dealing with my developer concerning some issues with my newly renovated rowhouse. He was right. In the end, you are entitled to so many laws in your favor and Bob knew this. Otherwise, we have been able to lean on Bob for many referrals for random needs such as Mortgage Co., plumber, etc. He’s truly an ace and someone I trust and recommend.Michael Garcia