What all goes into the home selling process? Since we're in a great market for sellers, you might receive multiple offers for your home, which means you'll need to carefully consider these factors.
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We're currently in a great market for home sellers. How does the selling process actually work, though?
It starts with a Realtor like myself coming to your home to assess it and tell you what it's worth, then providing you with some tips for making it more sellable. Next, we'll list it for sale. If and when offers start coming in, we'll examine a few different factors.
Say you list the house for $200,000 and the first offer uses FHA financing and asks for $3,000 in closing costs and the second offer is an all-cash, full price offer wanting to close in 30 with only 10 days possession. Say the third offer is a VA loan from a veteran for $206,000 and asks for $4,000 in closing costs. Let's say the last offer—and probably the best offer—is an FHA financed offer for $208,000 and asks for $3,000 in closing costs with a 40-day closing and 30 days possession after closing, and the buyer is pre-approved by a trusted local lender.
Of these offers, there are a lot of factors to consider. For one, having an offer that's approved by a trusted local lender is important. If an offer comes in from a bank I don't recognize or like, it will probably be shifted down the pile.
With every offer, there are plenty of factors you need to consider.
Of course, there's a lot more that goes into examining these offers, but the important thing to remember is how much I study these offers to make sure you get the most for your situation and avoid having to move twice.
If you have any other questions about selling your house, don't hesitate to give me a call or send me an email soon. I'd be more than happy to help you.
