Terms of the Offer
Three Factors Affect the Strength of Your Offer
Price Buyer Due Diligence Process Length of terms
Price
Price is obviously an important factor, as it will determine how much the seller nets. Work with your agent to fgure out the value of the home and how much you’re comfortable spending.
Buyer Due Diligence Fee & Time Frame
These are terms that need to be met in order for the contract to go to closing. The longer the time frame, the higher the risk for the seller. The buyer is allowed a Due Diligence process which can strengthen the ofer.
Length of Terms
Considering the length of each term is very important when submitting an ofer. Every day that a house is under contract, the home is essentially “of” the market. The seller is “taking a risk,” by waiting for each term to be met.
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