|By February, the winter months can feel like an eternity until the first flower blooms. Don’t let the winter blues get you down—pick a new project or organization task to get you through the cold months and ready for spring. Whether big or small, dedicating yourself to a home improvement project might just be the thing to help the winter days pass on by a little faster.|
Here are 20 questions every seller should ask about the buyer before accepting the buyer’s offer:
- Is the buyer’s loan approved in writing? If not, why?
- Does the buyer have a back-up lender?
- Is any of the buyer’s cash coming from a gift?
- Is the buyer’s down payment and closing costs money liquid and available?
- Will the buyer provide proof of funds?
- Does the buyer have any time constraints?
- Has the buyer read and approved the seller’s disclosures?
- What property inspections is the buyer going to order?
- Is the buyer flexible about closing and change of possession dates?
- What happens if the property does not appraise?
- Is the buyer willing to make up the difference?
- Does the buyer have to sell a home, or other real estate?
- Has the buyer bought a home before?
- How many homes has the buyer looked at?
- How many offers has the buyer made?
- Why did those offers fail?
- What does the buyer most want to change about his/her present housing situation?
- What does the buyer like most about my home?
- What will the buyer change on the property?
- Will the buyer entertain a counter offer?
Ask Your Agent to Get Answers to These 20 Questions
If you’re selling, ask your agent to get the answers to as many of these questions that the buyer or buyer’s agent is willing to answer. A top notch agent probably will have already done so.
I have been a life long resident of Fredericksburg. When I was a kid, all of our department stores were down town. There were no “big box” stores. All of the retailers could only be in a little box downtown.
I remember when I was 6 there was a MAJOR shopping center that was going to be opening. It was the talk of the town. As I remember it, the Safeway grocery store was the largest on the east coast (the building is now used as a gym). The center was being built on the cross roads.
There was a house located on the corner. It was old and not in the best of shape. The owner was steadfast and would not sell. The rumor was that he was offered 10 times the value. but he would not sell. The center was built around it. That was in 1970.
The shopping center is still there. There is a Hardee’s to his right. His back yard is asphalt. The shopping center is not a prime location. Several shopping centers have been built three times the size of that one.
I rode by the house the other day. My real estate mind told me that the house was worthless as a residential property. The lot was too small for any commercial development. This property missed the market.
I felt pretty good with my assessment until something caught my eye. It was on his front porch. It was an American flag waving in the breeze. Then I got it…. It was HIS house, owned by HIS family for him to do what ever HE wanted.
So did he miss the prime market or did we miss it?