When you rreceive an offer on your Beacon Hill home, how can you make sure the buyer is qualified to close on it?
Importance of a Pre-Approval letter
It’s important to check thei potential Beacon Hill condo buyers finances and make sure they’re pre-approved, but you also need to understand who the buyer is. Where do they live? What do they do for a living? What kind of person are they? Are they easygoing or will they be really nitpicky when it’s time to do the home inspections?
When reviewing Boston real esate transactions thar fall apart, it’s usually because of some kind of discrepancy involved—especially in a competitive environment.
Why Boston real estate deals fall apart
You only have to worry about a buyer’s finances if that was the single reason that Boston real estate deals fall apart, but they fall apart for lifestyle reasons too. This is why you need a broker who knows how to investigate these kinds of details: You’ll know what kind of negotiating leverage you’ll have in making sure the deal sticks together.
Sometimes, characteristics you may not like about your North End cono buyer will actually give you leverage.
So when you get an offer, find out what your buyer’s background is and see whether your Midtown condominium is the right fit for them. Don’t be afraid to ask the kind of questions other sellers and agents are afraid to ask
Bottom Line
The bottom line is that you need to accept an offer that will lead to a deal that will close—not one that will ends up falling apart
As always, if you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.
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