Questions to Ask Yourself Before Accepting an Offer

Every home owner trying to sell his home lives for one thing in this phase of his home owner life: to get the Malaysian house sold. And the biggest step to get into that very important part of the process is getting an offer and closing it.

And…. Here’s Help

But before you jump for joy over the prospect of getting your first offer and sealing the deal, there are tons of things that you have to consider before you seal the deal. See, when it comes to getting an offer, it is more than just the numbers.

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Here are some of the things that you might want to ask yourself (or share with your realtor) before accepting any offer on the house:

  • Is it going to be bought in your asking price or at least within your comfortable range of negotiable price? This is the biggest factor about selling a Malaysian house and getting an offer so make sure that they (prospective buyers) want and are willing to pay for the house at the price that you’re selling it. Remember, once the deal is inked, you can’t change anything or ask for anything more. There’s no room for regrets here!
  • What are the contingencies indicated in the offer? Contingencies are the conditions on the offer and contract that would get the deal closed. As soon as these conditions are met by both parties, the deal is considered closed and the payment is to be expected. Usually the contingencies include home inspections and home repairs for the side of the home seller. Read this carefully to make sure that it is fair for you as much as it is fair for the buyer. Don’t forget to make your own conditions for finalizing the sale known to the other party as well so it makes it to the offer.
  • When is the payment going to be made? It is your right to know just exactly when you are getting your payment otherwise you might end up partially selling your Malaysian home by accepting an offer that does not say when the payment is going to come anyway. It’s like being in an open, unlabeled relationship – an awkward phase at best, a tormenting and uncertain wait at worst.
  • How am I going to get paid? You have every right to know how you are getting your payment: are you getting it in full cold cash, or is it going to come in parts from a financing company? Make sure these are made clear in the offer as well.
  • Am I happy and content with this offer? You may be getting everything right on paper but you may not exactly be the happiest person about it. Whatever it is, it would be to your advantage to actually ask yourself if you would be happy to sign that contract and hand over that house. After all, that’s what matters most – if you’re happy with it or not.

Go over the offer, wait for another offer a bit, consult as many lawyers and as many realtors as you can, and make the right decision. Good luck!