How to Choose the Right Offer When Selling Your House in Athens

You’ve listed your house, you’ve shown it a few times, and now offers are beginning to come in. But how do you know which one to choose? Price isn’t the only or the primary deciding factor. It could easily be a mistake to just say yes to the highest bidder. There is in fact a lot more to consider, such as the buyer’s financing and the contingencies. To help you out, then, here’s how to choose the right offer when selling your house in Athens. 

Plan and Prioritize With Your Agent

Before you can do anything well, you have to get clear on exactly what you’re trying to do and what your priorities are. So selling your house in Athens should begin with consulting your agent.

Before you list your house, you should sit down with your Athens agent and hammer out your selling priorities. This will give you a plan to work from in choosing the right offer. Do you need to sell fast owing to a divorce or job relocation? In that case, an early, decent offer would be the right one. Or are you experiencing financial distress and have no cash for repairs? If so, a lower offer without repair requests may be the right one.

These are the kinds of things your agent can help you with to determine the right offer in selling your house in Athens. To find out more about this, contact a Athens agent at 706-426-1082.

Find Out About Pre-approval

A good way to vet buyers and weed out offers is to determine whether a buyer is pre-approved for a mortgage loan. Doing so will keep you from wasting time on shaky offers and will make the process of selling your house in Athens much smoother.

A pre-approved buyer will likely get financing, and her offer will be better than an offer from a buyer who is merely pre-qualified. Pre-approval is a more rigorous process and – if nothing major changes in the buyer’s financial situation – almost guarantees that the buyer will get financing. A pre-qualified buyer, on the other hand, may be turned down by her lender after making an offer.

Determine the Kind of Mortgage

In a similar vein, you should also find out what kind of mortgage the buyer is getting. This, too, can impact whether an offer is right for you.

Selling your house in Athens isn’t as straightforward as accepting a good offer with guaranteed financing. The kind of mortgage matters because different mortgages are often accompanied by different problems and issues. Some require higher credit scores, some require higher down payments, and some require that more repairs be made.

With an FHA loan, for example, you’ll have to make sure your home meets certain requirements with respect to its condition. Your best bet, then, is to have your agent help you sift through these mortgage issues in order to choose the right offer.

Consider the Contingencies

And then you have to carefully consider the contingencies in an offer when selling your house in Athens. Too many contingencies or the wrong kind could very well be deal killers. 

Basically, contingencies are clauses stating that certain things have to occur or be done before the deal can go through. The most common are inspection, appraisal, buyer-financing, and buyer-home-sale contingencies. Some contingencies are riskier for sellers, so you absolutely must carefully consider contingencies when determining the right offer.

This is an area where most sellers lean heavily on their agents. But any offer with too many contingencies should probably be rejected.

Be Able to Recognize a Strong Offer

And when selling your house in Athens you need to be able to recognize a strong offer in order to choose the right one. The three most important elements of a strong offer are:

  1. Buyer’s financial strength (re-approval, large down payment, and large earnest money deposit)
  2. No concessions or only a few with little risk
  3. Buyer flexibility (primarily) on the closing date

Get the Agent Advantage

You can, of course, choose the right offer all on your own, but most sellers find that they need the assistance of an experienced agent to make that determination. Your local Athens agent can help you mitigate the risk and get the best deal. Get the help you need when selling your house in Athens: contact us today at 706-426-1082.

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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