Compare the entire offer, not the offered price alone. When you are ready to sell, I would help you weigh payment terms, requirements and timing against the outcome you want from the transaction.
The latest reported figures cover Lakewood single-family homes, condos, townhomes and apartments. Homes sold for an average of 98.4% of their asking prices. The number of homes sold in the latest market report was 136. These figures do not describe the financing, inspection requirements or closing terms of those transactions.
The average percentage of asking price that homes sold for is context, not a rule for accepting an offer. I would compare how each proposal handles financing, inspection requirements and deadlines before discussing its overall fit. A higher offered price still needs to be considered alongside the obligations and uncertainty in its terms.
Review the buyer's financing information and identify what must happen before the purchase can proceed. Compare the inspection requirements, response deadlines and deposit terms so you understand your responsibilities under each proposal. Estimate the money you would keep after paying the mortgage and sale expenses, and confirm the proposed closing timeline.
