Fourth: What Inspections are Requested?
It’s very common for a prospective buyer to require inspections. This is understandable. They want to know what works and what doesn’t in your house. It doesn’t mean that every system in your home must be performing perfectly. The buyer just needs to know what they’re getting into. Inspections can include home, well water, chimney, structural, septic, radon, and pest, among others.
Fifth: What Else is Being Asked For?
Are there specific dates requested for closing? Does the buyer want you to pay for some or all of the closing costs? Are they requesting concessions (discounts) for repairs or replacing carpets or appliances or the roof?
After You’ve Looked at the Offer Details
When you have looked at the whole offer, start crunching the numbers. When all calculations are made, you’ll know if the offer is acceptable or not. You usually have the option of making a counteroffer, which your realtor will craft for you. You may have to go through this process several times with different potential buyers, but hopefully, one will stick and result in a successful contract and sale.