Home Buying in 94965>Question Details

dianne andre…, Real Estate Pro in mill valley, CA

As a seller, what are you looking for from a buyer when you receive an offer, or offers?

Asked by dianne andrews, mill valley, CA Sun Dec 29, 2013

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8
I think the answer is different for every seller! Many sellers want top dollar, strong down payment, etc. Yet others care more about escrow length or the kind of people who will be living there.

Why do you ask?
2 votes Thank Flag Link Sun Dec 29, 2013
A seller and a seller's agent want first and foremost the knowledge that the buyer who is putting in the offer is capable of performing. By looking at the buyers' information with regard to their pre-approval if they are going for a mortgage, (even better of course if it's all cash or no mortgage contingency), flexible closing, and of course the price the owner would like, or close to it would be all things a seller would be interested in. The owner will look to see what contingencies, if any, exist and will take that into consideration when determining how they will move forward.
1 vote Thank Flag Link Mon Jun 16, 2014
qualification and written firm contract meeting my terms and conditions.
1 vote Thank Flag Link Mon Jun 16, 2014
great question Dianne! that is something I think a lot of people would want to know.
1 vote Thank Flag Link Tue Dec 31, 2013
I agree and hope the buyers are listening and paying attention!
Flag Tue Dec 31, 2013
Probably the single most important thing is a pre-approval letter. Nothing like having an offer backed up by nothing.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
1 vote Thank Flag Link Tue Dec 31, 2013
As listing agents advising the sellers, we look for strong pre-approved buyers with reasonable contingency periods and 30-40 days for the close of escrow. The smaller the loan to value ratio, the better. It is also nice to have an introductory letter from the buyers telling us a little about them and why they are interested in purchasing the house. More information for the seller about the buyer is always good.
1 vote Thank Flag Link Mon Dec 30, 2013
As an agent, I find that many sellers want a clean contract with as little contingencies as possible. Strong earnest money/down payment, solid financing, terms that are agreeable to them like closing date, etc.

It usually comes down to price though! If the price is right, the contingencies and terms can be worked with....
1 vote Thank Flag Link Sun Dec 29, 2013
The seller will want to know that the buyer can get a mortgage therefore a pre-approval letter is something that has to be presented. In the case of a cash purchase a proof of fund. letter.
The contingencies will be looked at, are they reasonable or petty?
What is the time frame to get to closing?
0 votes Thank Flag Link Mon Jun 16, 2014
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