56 DON MOR Drive , Newmarket, Ontario
Charming Bungalow On One Of The Most Desirable Streets In Central Newmarket, Perfect For A Family With Its Beautiful Large Fenced Yard, Reno'd Kitchen And Bath, Close To Fairy Lake Trails, Shops & Schools. Applicants Need To Provide Current Credit Reports, Letters Of Employment And Rental Application. First And Last Months Rent. No Pets/No Smoking. Available Immediately. **** EXTRAS **** Fridge, Stove, Dishwasher, Washer & Dryer, Small Freezer.
When it Comes to Offers, it’s Not Always about Price
When considering which of two or more competing offers to accept for your home, there is no doubt price plays a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket. However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider as well. For example, what conditions are in the offer? If Offer #1 is conditional upon the buyer selling his current property for a specific amount, then what if that doesn’t happen? You could end up with an offer that dies and be forced to list your home all over again. In that circumstance, accepting the lower offer may be your best move. There’s also financing to consider. Most buyers will attach a certificate from their mortgage lender to show that they can afford the home and will likely secure financing with little difficulty. If you get an offer where the ability of the buyer to get financing is in doubt, that’s a red flag. The closing date is another important factor. Offer #1 might propose a closing date that’s perfect for you, while Offer #2 is four weeks later. If you’ve already purchased another home, you might require a month of bridge financing if you accept Offer #2. There’s nothing wrong with that per se, but the costs and additional hassle are factors you should consider. As you can see, assessing competing offers isn’t as easy as it looks. Fortunately, as your REALTOR®, I will guide you toward making the right decision.
Jennifer Di Paolo
Royal LePage York North Realty
I am here to help with all your real estate needs and questions. Let me know what's on your mind and start a conversation.
For most people, their house is their single biggest investment. Find out how much your investment is worth with a no-obligation market valuation.
Find a Dream Home
If you are in the market for your "Dream Home" then I would love to help. Simply fill out my Buyer Registration card and I will have suitable new listings emailed to you as soon as they come on the market.