July 2023: What to Do When Someone Wants to Purchase Your Home

I would absolutely recommend the Crispy Brussel Sprouts and the Crab Cake for appetizers, just so fresh and delicious. I went with the Tuna for the main course, and it did not disappoint at all! This is some of the best Tuna that I’ve had in years and the syrup dipping sauce just blew me away. The smile on my face really says it all. I do not usually order champagne, but you know what? We’ve got something to celebrate, and I will get into more detail in the coming newsletters. I don’t usually do this, but I had to try more than one dessert, but as I said…. we’ve got something to celebrate, so why not. The Molten Lava Cake and Blueberry Peach Crisp are both something that I will be dreaming about for some time. Overall, I would give this restaurant an 8.9 on the ‘FoodiePhil’ rating. The food from the appetizers to desserts and everything in between was out of this world. I cannot wait to get back to Square Café.

Where should I go next?! Send me your recommendations!

In this week's newsletter, I want to talk about what to do when someone asks to buy your house even if it’s not on the market. Offers don’t always come from individuals, they can be developers and investors as well. Here are three things to consider when you are approached to sell your home based on Apartment Therapy's recent article.

1. Get a Professional Opinion
2. Receiving an Offer From an Individual
3. Deciding to Sell

1. Get a Professional Opinion

If you weren’t really considering selling your house but have been approached to potentially sell it and you’re on the fence about it, get a professional opinion. It is always a good idea to entertain an offer because you never know how good the offer can be. If the money and terms offered are good enough to get your attention, even if you weren’t planning on selling, it could help you with the purchase of a new home that could have all of the bells and whistles that you have always wanted. If you’re willing to relocate, it’s best to get a professional opinion on the value of your home before moving forward. You can easily get that information from an appraiser, real estate agent, or even Zillow.

2. Receiving an Offer From an Individual

Often, homeowners are approached by investors, but if a regular homeowner comes knocking on your door, that buyer is likely particularly focused on your neighborhood. Individual buyers will be motivated to pay top dollar, which means you could get much more compared to what the asking price would typically be. If moving is an option, this could be a great way for you to get into that home that you have always wanted.

3. Deciding to Sell

If you decide to move forward with selling your home, you can avoid real estate agent fees with a private sale. It would still be best to consult with a real estate attorney, so you have the professional support. The real estate attorney can draw up the purchase contract and even help with negotiations. If a homebuyer puts an offer in and you need to make a counteroffer, presenting your counter on an attorney’s letterhead shows that you are serious about the sales process. If the details are just too overwhelming to do a private sale, hiring a real estate agent can still be beneficial and save you money as they can manage the sale on your behalf, and you can avoid some of the commissions involved with marketing your home. Sometimes it is worth spending a few extra bucks to make sure it’s done right while avoiding any future headaches.

These are great options to consider when someone wants to buy your home when it's off the market. Don't worry, you can always contact me if you need additional advice!

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