You’ve worked with a real estate agent to determine a fair asking price for your home, put it on the market, and opened your doors to prospective buyers. Now it’s time to review the offers. As with all home sales in Albany, Latham and the greater Capital Region, it’s important to remember that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a seller.
Some terms that may work in your favor:
- higher-than-market-interest in a second mortgage for your home
- the buyer will pay for most or all of the closing costs
- the buyer will take care of any repairs
- quick close – the buyer is pre-approved and ready to close in a timeframe that best suits you
- all-cash deal
When reviewing offers, remember to look at the whole package. Take the time you need to assess what is being offered and if it meets your needs, and don’t be afraid to ask your real estate agent for help. The professional Capital Region Realtors at CM Fox specialize in Albany, Guilderland, Bethlehem, Latham, Schenectady and Rotterdam real estate. We are familiar with past sales and current listings, and can help you make an educated decision. Buying or selling a home in Upstate NY? Contact us or call 518-861-7030 today!