Posted on August 20, 2018 - 12:27 PM
by George Herring
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a buyer.
Some terms that may work in your favor:
higher-than-market-interest in a second mortgage for your home
the buyer will pay for most or all of the closing costs
the buyer will take care of any repairs
quick close - the buyer is pre-approved and ready to close in a timeframe that best suits you
When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.
What a Realtor:
"We met George Herring at an event a great while back. Over the last year the real estate market really started to favor the home buyer. My wife and I contacted George (the RE/MAX Agent) on a whim to take a look at the market in the Collin County area for a New Home. We really weren’t that serious but George Herring took the time to drive us from McKinney to Frisco showing us new homes.
After spending months with us looking at everything under the sun, he took us to this splendid home in north Plano. I must say we are not Plano people and quite frankly we made fun of them after spending the last 20 years in the DFW Airport area. However, this home and neighborhood was for us and the price was bad either.
We now have great neighbors, close to great shopping, and I’m only 20mins from the office... I guess you can now say we are now “Plano” people and it’s really not that bad…
Thank you George, the experience was second to none."Johnny and Debra, Plano Texas