The highest offer price isn't enough to choose an offer. When you review proposed terms, I'll help you weigh the amount alongside financing, inspection requirements, and the proposed closing date.
The latest market report covers Royal Oak single-family homes, condos, townhouses, and apartments. Homes sold for an average of 99.1% of their asking prices. The number of homes sold in the latest market report was 86. The typical sale price was $375,000, providing context for completed transactions rather than terms for your sale.
The average percentage of asking price that homes sold for does not establish what you should accept. I suggest comparing each proposed price with its conditions, because an attractive amount still requires workable terms. Financing and inspection requirements deserve separate attention, and a proposed closing date needs confirmation rather than assumption.
Put each offer's price, financing details, inspection requirements, and proposed dates side by side. Identify which terms need clarification before deciding whether to accept, decline, or propose changes. Confirm the closing timeline with the professionals handling the transaction and consider how it fits your plans.
