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The Tampa Bay Areas' Favorite Source for Real Estate and Financing Needs |
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The Offer YOU NAME THE PRICE, AND I'LL NAME THE TERMS! Almost all offers to purchase properties have contingencies (purchaser securing a loan, seller carry back, review of the preliminary title report, pest inspection, etc). These are very common and should be expected with most offers. You have three choices when an offer is made to purchase your property: Accept the offer as written, counter the offer (price, terms, closing date, etc.) or fully reject the offer. Just because someone makes a "low" offer to purchase doesn't mean the offer is worthless. Take the time to counter the offer on terms and conditions that you want. Is that Buyer Pre-Approved or Pre-Qualified? In my Finance Center section we address the issue of buyers being pre-APPROVED opposed to pre-qualified. The same is true for you accepting offers from buyers that are not pre-approved or are only pre-qualified. Read that section. It will save you time and possible remorse over taking your property off the market for an unqualified buyer. Deposits: Most contracts state that all of a buyer's deposit is fully refundable if they cannot secure a new loan, or if they do not approve of pest inspections, preliminary title reports, etc. It is important that your contract and/or counter offer states that the deposit is non-refundable as soon as all contingencies are removed. Call 813-265-2494 or Toll Free 1-877-478-5794 Superior Service to one Satisfied Customer at a Time!
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