There are several factors that determine the price a buyer and seller agree to for a property. In this four part series below Dan Lesniak one of the top Arlington, VA real estate agents describes how each of these factors can affect your offer and strategies for using these factors to get the best possible terms. Whether you are a first time home buyer, move up buyer or an investor knowing or reviewing these four factors can help you craft the best offer. As a home seller these factors can help you determine how to evaluate offers for your home. Read below and watch our videos to learn how the Orange Line Living Team strategies can help you when buying or selling real estate in Virginia, D.C. and Maryland.
Contingencies
Contingencies come in a wide variety of forms, including: home sale, financing, appraisal, home inspections and more. Watch the video below to learn how contingencies can affect your offer and how to use them to save thousands of dollars or beat out the competition in competitive markets.
Cash
Cash refers to the amount of money a buyer puts towards the earnest money deposit and the downpayment. Both of the cash factors can play a big role in determining price as it they signal to a seller how much skin a buyer has in the game and wherewithal he/she will have to getting a sale closed. Watch below to learn more.
Closing
Closing refers to both when a buyer will complete the transaction, but there is also a second closely related factor, which is possession date. Some sellers strongly prefer the ability to rent back for a period of time for a number of reasons, including finding their next home. Making the transaction easier on the seller in terms of timeline is a great way to make your offer better. Watch the video below to learn more.
Competition
Of all the factors competition is the one that is the hardest to control as you are almost always at the mercy of the market which is driven by supply and demand. An agent with a big local presence and a finger on the pulse of the market can help you though. The Orange Line Living team can help by getting you access to hot listings before they go on the market. Watch below to learn more.
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