It is important to focus in on available homes which have the potential to close escrow quickly. Below is a list of important questions to ask the listing agent before even touring the home in person to help identify whether or not the home could have a swift escrow and close before the deadline.
Four important questions to first ask are:
1. Is there a need for extensive repairs?
2. How old are the existing appliances and systems?
3. Is there mold, or is the presence of mold suspected?
Additional considerations of the property should be included:
1. Are there any written offers that have been made?
2. Length of time the property has been on the market?
3. Do the sellers have a deadline to sell their property?
Additional recommendations:
1. Make clear in the contract which side of the transaction is responsible for the payment of closing costs.
2. Once the decision has been made to make an offer, remember, time is of the essence!
3. Make sure that your financing is in place and that you are pre-approved, not simply pre-qualified to buy.
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