Once the potential buyer sends you an offer, you can send them a counter offer.
We Buy Houses in Charleston SC: When you sell your house, you will receive offers on the property. That’s the goal, anyway. An offer means that a buyer is indeed interesting in buying your property and will send you a formal written offer. This outlines how much they will pay you for your house and any special conditions that they would like in the deal.
The special items that are sometimes included in an offer could be asking you to pay for inspections or reports, the amount of earnest money they are willing to put down to hold the house, possession dates that they would like to see happen, and items they might like left in the house or removed from the house before they take possession. Contingency times can even be included. That’s the time allowed for them to sell their present home before getting into yours.
Once the potential buyer sends you an offer, you can send them a counter offer. This is customary, so don’t be too quick to jump at the first offer they make. Offers are typically made with some fudge factor built in. For example, if the asking price is $100k, the first offer you receive might be $90k. You can come back with a counter offer of $95k.
“The counter offer is always somewhere between the original idea of what you’d like and what the buyer would like.”
Further negotiations within the offers may look something like this: You ask $100k and will pay for the appraisal, but want the buyer to pay for a home inspection and a home warranty policy. You’ll fix the leaky roof, but want the buyer to take the old appliances as is. The first offer you receive could offer you $90k, and would like you to pay for the home warranty plan. They would also like you to have the old appliances upgraded in the kitchen.
Now, for your counter offer, you could specify that you will take $95k, will buy the home warranty plan, but the old appliances can stay or you’ll have them hauled off, but not replaced. The counter offer is always somewhere between the original idea of what you’d like and what the buyer would like. It is a true compromise. Keep in mind that with the market leaning heavily in the favor of the buyers, though, you will want to be as flexible as you can or the buyer may move on to the next house for sale. If you don’t have time to go back and forth and must sell in a hurry, call an investor to see what offer you can get and be assured of a quick sale with few hassles.
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