What to look for in a home purchase offer
Look beyond the headline price. Costs, payment timing, property condition, and contract terms all affect the decision.
Compare proceeds, not just prices
The proposed purchase price is a starting point. Ask for the costs allocated to you and consider any mortgage or other amounts that must be paid. For a traditional listing, include your own estimates for preparation, selling expenses, and time on the market. Our homepage comparison illustrates a possible listing commission and explains the practical differences of a direct sale. It is not an estimate of your net proceeds.
Know when you would receive the money
A cash purchase and a purchase with negotiated payment terms are different arrangements. If part of the price would be paid over time or an existing mortgage is involved, ask for the complete payment structure and have an independent professional review the risks and protections.
Read the conditions and deadlines
Review inspection rights, any contingencies, earnest money, the closing date, possession, and what happens if either party cannot complete the agreement. If a term is unfamiliar, ask for an explanation before signing. Verbal assurances should be reflected in the written agreement where appropriate.
Confirm the buyer and responsibilities
The contract should identify the purchasing party and explain any assignment rights. Agree on what stays with the property, whether any work is required, and who handles each closing expense. We will discuss these details with you rather than assume that every seller wants the same arrangement.
Choose the process that fits you
A direct purchase may trade a different price for fewer preparation tasks and a negotiated timeline. A listing may offer broader market exposure. Consider both the financial result and the work involved, and get independent advice where you need it.