ORANGE COUNTY REAL ESTATE- NOT AS EASY AS IT LOOKS!

ORANGE COUNTY REAL ESTATE- NOT AS EASY AS IT LOOKS

Just as setting a listing price is ultimately your decision, so is whether to accept an offer.  These days, it can be difficult to decide if an offer is a good one, because there are so many influential factors.  Getting an offer is the first positive step.  Now take a deep breath and consider your options.

Are you under pressure to move?  Whether it’s finances, family, or a job transfer, the urgency of your need to move may dictate accepting an offer lower than you had expected.

Likewise, how much debt do you still carry on your mortgage?  Unless you are listing under “short sale” terms, you don’t want to accept an offer that’s less than what you owe, so pay close attention to how depreciation and closing costs affect your bottom line before making the decision to accept or counter an offer.

Another important factor to consider is whether or not the buyer is pre-approved for financing.  If so, you can expect a quicker closing with no surprises, and confidently begin the pursuit of purchasing your next home.  Even a lower offer from a pre-approved buyer may be better than a higher offer from one whose financing falls through at the last minute.

Remember, offers are about negotiation and compromise.  Be flexible and reasonable when considering any and all offers that come your way.

Ask about our programs:

Low as 10% down! Owner will pre-pay your mortgage insurance! Save at least $100 per month!

Down payment assistance available up to $12,510 or 3% of loan amount in the form of a grant, does not have to be repaid.

Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CAfor the latest news and information on the Costa Mesa real estate market. Lic #00573423

(714) 241-4532

1525 Mesa Verde Drive East

Costa Mesa, CA 92626-5221