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Breaking Down the Buyer’s Offer

Posted by Bonnie Martin Designated Broker on Friday, August 30th, 2013 at 9:34am.

houseinhand_voronin_450After all the preparation and waiting, you finally get the call you’ve been waiting for: A buyer is writing an offer. First, you want to know the price — but don’t get excited or exasperated by the number until you see all the terms. Contingencies, seller concessions and real property requests can dent (or boost) the bottom line. It’s possible to get a full-price offer and yet net less money than you would get from an offer that’s $20,000 under asking price.

Here’s what could affect your bottom line: Purchase Price, Earnest Money Deposit, Mortgage contingency, Seller Concessions, Inspection Contingency, Personal Property,  and Appraisal Contingency.

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