Is Selling a Home Fast a Bad Thing?
During a recent conversation with one of our clients, we were asked if selling their home fast was a bad thing and the answer to this question is no, selling a home fast isn’t considered to be a bad thing, especially for these reasons.
The Buyer Is Qualified to Purchase a Home
Once we receive an offer from a buyer one of the first things that we do is verify that they are qualified to purchase a home by doing the following:
- Verify that they have been pre-approved for a mortgage loan.
- Confirm that they have enough money for a down payment and paying closing costs.
- Make sure that they have enough income and an average debt-to-income ratio.
- Check the buyer’s credit score to confirm that they are monitoring and maintaining a good credit.
Verifying that a buyer is qualified is one of the essential first steps to accepting the right offer on your home because not all buyers are really qualified to buy homes, even though they may submit great offers, since their offers may ultimately fall through for any reason especially if they don’t meet the criteria mentioned above.
The Offer Isn’t A “Low Ball” Offer
After verifying that a buyer is qualified to purchase a home, the next thing we will do is review the offer and make sure that it’s not a “low ball” offer that’s far lower than our asking price because if it’s a low-ball offer the last thing we want to do is sell your home for less than what it’s worth.
You Feel Confident About the Offer
Last of all, but most important, after we’ve done our part to verify that a buyer is indeed qualified to purchase your home, and you feel confident about the buyers offer, then it’s time to accept the buyers offer regardless if it’s after your home has been listed for just 3 days, 7 days or longer.
To learn more about what to expect when selling your home, or to view homes for sale in Southern California, contact Fred Sed Realty today by calling us at (800) 921-9231 or connect with us online.