4 Basic Tips To Consider When Choosing The Best Offer For Your House in Salt Lake City
Informed decision-making isn’t always as easy in most life endeavors, and this is often the case in real estate. Especially when you’re confronted by various factors while screening for the most suitable offer for your property. Because the best offer may not necessarily be the most appealing.
Here, in our latest post, we will share some vital tips with which you will be better equipped to make informed and better choices for your Salt Lake City house…
There’s no doubt about the joy that often accompanies having multiple offers or diverse options when it comes to selling a property. The problem of having to decide between multiple offers is far more desirable than not having offers at all. Nevertheless, you do not want to make a decision that you could regret in the long term, which is why you may want to consider some key strategies when deciding which offer to go with.
A fact you don’t want to forget – just because it looks good on paper, doesn’t make it the perfect choice.
Read on to gain insight on the things to consider when confronted with multiple choices for your house offers in Salt Lake City.
Tip #1 – Profits Minus Overall Cost
Offers on paper can sometimes be misleading, which is why it’s important that you take a closer look at the metrics and all possible costs that you will incur. Then subtract this value from the offer price that you may be considering.
This will immediately give you a good financial overview of where you stand. A few things to consider include:
- Your closing costs – approx. 2-5%.
- Additional moving costs (if you’re leaving appliances or furniture behind)
- Cost of upfront repairs (in order to sell) before and after inspection. This is, however, never the case, if you’re selling directly to Property Seller Solutions
Tip #2 – Terms Of Buying/Mode Of Payment
This is where many house owners get stuck! Although the best deals are usually those that involve buyers who pay in cash, as this often characterized by faster closing speed and less red-tape. The offer is also more likely to pull through as you will not be subject to any appraisal results and the likes.
There’s, however, a handful of buyers who may require bank loans to finance their project. Oftentimes, it’s in these situations that some banks withdraw funding especially when the house doesn’t appraise high enough.
If you’re considering a buyer who intends to use bank financing to acquire your home. It’s critical that you ensure that they’ve been pre-approved before you commence the process. So you won’t have to wait indefinitely for that to occur.
Do note, that being pre-approved isn’t the same as being pre-qualified, which is why you must pay close attention to every detail on paper.
The flipside to all these extreme presale precautionary measures is that they are not required when making a direct sale to Property Seller Solutions! You won’t even have to worry about the uncertainties or stress of waiting. Best of all is the fact that funds are readily available to purchase your Salt Lake City house, right away! The process is fast, transparent, and extremely simple – with no red-tape or complicated paper works to worry about.
Tip #3 – How Timelines Impact on Profit
The more quickly you’re able to close the deal and eliminate holding costs, the more cash you will be able to bank.
The simple fact is this: from the moment you are ready for selling your house, the holding cost begins to accumulate. Consequently, the longer it’s in your custody, the more cost you’ll be incurring.
These month-by-month costs include the property taxes, maintenance, and standard repairs, utility bills, homeowners insurance, and the likes which could be could be in the thousands until the deal closes, and the property is sold.
Nevertheless, when you sell your house directly to Property Seller Solutions, you’ll never have to worry about these holding costs because we will buy immediately! So you can pocket your cash right away.
Tip #4 – Know the Buyer’s Intent
Many homeowners feel attached to their homes for pretty good reasons even after selling it. It may have been the birthplace of many beautiful memories and laughter. Which is why you want to be sure that you’ll find a buyer who would love your home at least as much as you do – knowing this would also give you the peace of mind and confidence to gladly sell your Salt Lake City home.
Before accepting any offer, it wouldn’t hurt if you inquired from any of the prospects of your Salt Lake City house to learn about them and why they want to buy your property; their plans for the home; if they intend to love it, and live in it as you did, or tear it down completely for something better.
Of course, you shouldn’t be inquiring to discriminate. However, you reserve the right to deserve who the lot (of the new ownership) falls upon or which offer is right for you! Because you want to have the peace of mind, knowing that you’re selling your Salt Lake City house a new owner who will love, or at least, appreciate the property as much as you do.
So, when choosing the most suitable offer for your Salt Lake City house, an attractive offer isn’t the only factor to consider…
The potential buyer’s intent, mode of payment and selling timeline are other critical factors that could impact significantly on which offer you eventually accept.
To gain more insight into the various other factors, costs and alternate ways to sell your house in the Salt Lake City area, feel free to contact us at any time!
Do you want to learn more about how to choose the best offer for your Salt Lake City house? We’d love to help you run the numbers! Get in touch today! (801) 876-1036