There’s more to an offer than the purchase price

When you’re buying or selling a home in Tamaqua, the purchase price is only one component of the offer.

 

The fact that so many other details affect a buyer’s total outlay and a seller’s total return is why purchase and sale agreements include so many pages.

 

Start with seller concessions:

• Seller pays a set dollar amount or percentage of the total toward the buyer’s closing costs. Depending upon the loan program, this could be as much as 9% of the purchase price. That’s a considerable expense for the seller, and a considerable savings for the buyer.
• Seller agrees to pay a set dollar amount for repairs called for in an inspection.
• Seller gives an allowance for new carpet, paint, etc.

Those are the items that obviously affect the bottom line, but there are more…

 

Consider the closing date:

 

This can financially affect the parties in two ways.

 

First, consider the cost of storage and short-term housing between the sale of one home and the closing on the new home. This could affect either the buyer or the seller.

 

Next consider the expense to the seller if they’ve already moved, but are still making payments on the house they’re selling.

 

Think about what’s included in the sale:    

         

Kitchen and/or laundry appliances may or may not be included per the listing. If not, the buyers can ask for them. When they’re included, the buyers save money, and it may cost the seller to replace them – depending upon whether or not appliances are included in their next purchase.

 

Even though these items are not given monetary value on the purchase offer, they do have a value that should be considered when calculating the bottom line for both buyers and sellers.

 

The same is true for items like a riding lawn mower or a removable dog kennel. The seller may not need these items in their next home, but leaving them behind does add value for the buyer.

 

Whether you're buying or selling a home here in Tamaqua, look beyond the stated purchase price to see the true price.

 

If you have questions about these costs and how they affect your bottom line, call me at 570-640-8109 or drop me a note at edentroxell@yahoo.com.  I'll be happy to speak with you.

 

And when you're ready to buy or sell a Tamaqua home, it would be my pleasure to help you determine the true dollar figures, and to guide you through a smooth transaction.