01/03/2018
4. Know What’s Expected Prior to Closing
Fast cash offers are usually less time consuming because there is no buyer appraisal, credit, loan underwriting or other time-consuming requirements necessary. However, there still may be costs expected of the seller.
If closing time approaches, and you are not prepared to pay any the expected seller costs, it could cost you the sale. Instead, review in detail what is expected of you by the buyer and any agents involved.
Some of the potential costs for the seller include inspection and appraisal fees, seller rental fees, any previous payments negotiated, commission costs, and insurance premiums. Your specific situation may include other types of costs or fees so make sure that you are prepared by consulting with all parties involved. •••
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