Basking Ridge Homes For Sale

Below are some tips to help you decide whether or not to accept the offer on your Basking Ridge Home:

Here are a number of things to consider when you are looking at the price and terms of the offer:

1. What is your net profit after seller costs. Adrienne Francis, your Basking Ridge real estate expert, can give you the seller costs you will incur.
   
2. Unemotionally, is this what the current market will bear for my home price? Your home is only worth what the current market conditions are in your area. Your buyer will have an appraisal on the home, from the bank. The bank will not lend more money to the buyer than what the current market prices reflect. Ask Adrienne Francis about the current market prices. She has a lot of market knowledge of Basking Ridge homes and their values from area to area.
3. Consider that if you take this offer, you don’t have to wait any longer to move on with your new life and next home.
4. Are they asking for any personal property that I might need in my next home?
5. What does my Realtor think about the buyer’s pre-qualification letter? There is nothing worse than a buyer who cannot perform and your offer falls through before you get to the closing table.
6. Do I have enough time to move out of this home before or after closing? If you stay for a short period of time after the closing of the home, usually about 30 days after the accepted offer, you will have to pay the buyer for “renting” your own home. They are paying a mortgage from the day of closing. You would have to give them the “rent” so they can apply it to their mortgage. This is a bargaining chip though. Perhaps they want the house for a lower price, but you can negotiate for you to stay in the home, after closing, for no “rent” money. Consider the options and ask your Realtor, Adrienne Francis. She has Basking Ridge home strategies that work effectively for each situation.
7. Are there any contingencies? Do you they have to sell their home first? That is a type of contingency and can tie your home up and off the market, while they work on selling their home.

Ask, Adrienne Francis, to give you more tips on considering the offers on your home. Be prepared before the offers are submitted, so you can be well prepared. Call 201-259-4449 now!