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Accepting An Offer --> Know Your
As a homebuyer, you may have found the perfect new house for
your growing family, but what if it is a little out of your price range? You
might list your current home for more than it is worth and be lucky enough to
find a qualified buyer who is willing to pay the price, but it is impossible to
know in advance what your home will sell for.
If you want to sell your home quickly, have a frank and detailed conversation
with your real estate agent to determine the best price for the house. Setting
your price within 5% of the fair market value of your home greatly increases
your chances of getting solid offers that will result in a relatively quick
sale.
Don't buy and sell so close to your target amount that you become anxious when
the numbers aren't as close as you would like them to be. There may be other
ways to increase your buying power and get you into that new home, such as
adjustable rate mortgages or owner financing. When you are selling one home and
buying another, you will need more than good luck. You will need a highly
professional real estate agent who can give you solid advice on how to make the
transaction work for your particular requirements.
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