How To Choose The Right Buyer For Your House

by Silver Spoon Properties & Lending 05/12/2019

Looking for the perfect buyer can be easy, but it can also be a difficult task. For home sellers who cannot part with their house without choosing carefully who gets it, it can be a little worrisome.

If you are looking for the right buyer for your house, you should look for the following characteristics:

First, you have to make a shortlist of the offers that you get. Your top priority should be the offer that the potential buyer makes. Make a shortlist of the best suggestions that you get. Vet the people, take the ideas that stand out, and choose the ones that may work around you and your budget.

The trick here is to set a worst-case price and discuss it with your real estate agent. This one allows you to set an asking price as well. You should aim to reject any offers that are lower than the figure that you agreed on. 

A common mistake that sellers do is to focus on the highest offers when the truth of the matter is that they should focus on the terms of the contract.

If you set a worst-case price and accept offers that go above that, you can choose the terms that come with every proposal. Eventually, you can select the right person.

Second, look at the possibility of the deal falling apart. Studies have shown that transactions with first time buyers, people looking for a second home, and cash buyers work and do not fall apart. When choosing a buyer, you should consider this possibility as there are costs associated with transactions that fell through.

Third, you should check your emotional response to a potential buyer. You should check out if you like a potential buyer. Trust your gut. A person's emotional response matters because you are giving away your house to strangers.

Finally, you want a buyer who would move in close to your moving date. It could be a little burdensome for you to change the time of your moving day because your buyer’s moving day is before yours. Talk about this detail and make sure that you clarify everything with your real estate professional.

Now that you know how to choose the right buyer for your house, it is important to decide based on what you prioritize. Contact your preferred real estate professional so you can get better advice on how to select the right buyer and give them a piece of your history.

About the Author

Author
Silver Spoon Properties & Lending

Carlo Honanian is the Broker and President of Silver Spoon Investments. Carlo started off his career as a Vice President with Chase Bank in the early 1990s with extensive experience in residential and commercial loans, banking, compliance, human resources, sales, clients services,and branch management. Carlo’s real estate career was added to his portfolio of expertise and services in 1999 and has continued on till today. Carlo takes great pride in listening to his client’s needs and providing outstanding service with integrity. Getting training in extensive management skills and superior customer service by one of the top banking institutions around, Carlo has carried the same mentality to the field of real estate and financing in creating and operating Silver Spoon Properties and Lending. Carlo’s vision for creating this company was simple, to be a one-stop-shop for clients to handle all of their real estate and lending needs. Carlo’s extensive experience in loan origination, real estate sales, bank management,and clients services is a distinct advantage to his clients. With the broad knowledge and understanding of residential and commercial real estate and lending, added with a tremendous focus on providing superior customer service and experience is what you can expect with Carlo and Silver Spoon Properties and Lending.

Silver Spoon Properties and Lending is also a Certified Short Sale & Foreclosure Brokerage (SFR) through the National Association of Realtors. Take advantage of our experience and training in dealing with the Short Sale and Foreclosure market today. Please call us today to discuss buying, selling, or financing your property or for a free consultation to discuss your individual scenario. We also offer property management and leasing services. Whether you are a first time home buyer or a seasoned property investor, we can cater to you specific needs. Consider us your one stop shop for residential and commercial real estate sales, loans and financing options like SBA, Commercial, Hard Money, and Residential Mortgages.