When it Comes to Offers, it’s Not Always about Price
When considering which of two or more competing offers to accept for your home, there is no doubt price will play a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket.
However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider too.
For example, you’ll need to think about the impact of any conditions that are in the offer. If Offer #1 is conditional on the buyer selling their current property, then what happens if they don’t? You could end up with an offer that dies and be forced to list your home all over again.
In that circumstance, accepting the lower offer may be your best move.
There’s also financing to consider. Most sellers will attach a certificate from their mortgage lender to show that they can afford the home and will likely secure financing with little difficulty. If you get an offer where the ability of the seller to get financing is in doubt, that’s a red flag.
The closing date is another important factor. Offer #2 might propose a closing date that’s perfect for you, while Offer #1 is four weeks later. If you’ve already purchased another home, you might require a month of bridge financing if you accept Offer #1. There’s nothing wrong with that per se, but the costs and additional hassle are factors you should consider.
As you can see, assessing competing offers isn’t as easy as it looks.
Want to Sell Your House Faster? Make it Anonymous
What do you notice when you visit a model home in a new development? Often, you will find wonderfully furnished and decorated rooms that anyone could live in.
The operative word here is “anyone”.
Sure, there might be a computer screen on a desk in the den, or a child’s doll sitting in a corner, but for the most part, all the rooms are anonymous. There is a sense of family, but no specific family… the feeling of personality, but no specific person.
The professionals who set up a model home make it anonymous for a reason. They want buyers to view it as their potential home, not someone else’s. These professionals know – based on decades of experience – that this strategy helps sell houses faster and for a better price.
Why not use this same strategy when showing your home?
It’s easy. Just put away that soccer trophy, take down the wedding photo, and box those souvenirs from the family vacation at Disneyland. No, you don’t have to completely empty your closets and drawers. Just pack those personal items that can be seen when a potential buyer views a room. Put away toothbrushes, collectibles, even unopened mail. Don’t forget to clear the fridge door, which is often a mosaic of personal items in family homes.
If you have lots of personal items, consider renting a storage unit for the few weeks that your house will be on the market. It’s worth the investment.
You wouldn’t think of buying a birthday cake with a stranger’s name on it. Keep that in mind when you show your home. Make it anonymous!
Need more ideas for selling your house faster and for the best price possible? Call today.
Clean or Replace Air Filters and Fan Screens
It’s a good idea to clean or replace your home’s air filters and screens at least once a year to help keep your indoor environment safe from mold, dust mites and other allergens.
But don’t stop at your heating, ventilation and cooling/air-conditioning systems. Think of all the other filters and screens that need cleaning, such as those in humidifiers, range hoods, bathroom fans, and windows. Unfortunately, homeowners often neglect to clean or replace their range hood filters. This can lead to a thick buildup of greasy residue that could easily compromise the important function of removing cooking gases, odors and humidity from the stove top area. The result can be unhealthy air trapped in your kitchen, not to mention an accumulation of a thin film on your walls, ceilings and countertops.
Likewise, bathroom fans and window screens can trap layers of dust over time that will hinder the free flow of air to and from the rooms you want to be well ventilated.
Notable, Quotable, Quotes!
“Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.”
“Only those who attempt the absurd can achieve the impossible.”
“When I let go of what I am, I become what I might be.”