When you have a signed contract with the buyer for your home, you may feel as if you can lighten up on the perfectionism required to show your home at any moment, but as a seller you still need to cooperate with your buyer, the buyer’s agent and the commitments made in the contract. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that most transactions include a home inspection, so you’ll need to make your home available to the inspector and then negotiate with the buyers about anything the inspection turns up according to the terms of your contract. Another important step prior to closing is the appraisal. If the appraisal comes in higher than the sales price, then the buyers can relax and be happy that they have purchased a home for less than its market value. However, if the appraisal comes in lower than the sales price, then the buyer’s lender will limit the loan amount to that lower value. The buyer may have to come up with additional cash to cover the financing gap or may ask you to renegotiate the contract. Check out below for what sold in LairdHaven Way in May 2015:
16100 LairdHaven Drive, Northville: 3 bedrooms, 2.1 bathrooms, 4,904 total sq. feet, 2 car garage, Sold Price: $306,000
LairdHaven Way Home Sold
May 2015
Your realtor can advise you about the best way to handle these situations, but in any case you and the buyer are also bound by the contract terms. For more information on LairdHaven Way, or similar Northville or Novi neighborhoods such as Island Lake Arbors, Edgewater and Hickory Creek, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.