If the cash you are offering on a house is invested in equities, should you be worried about giving them too much information and hurting your ability to negotiate? We doubt the contract requires you to show excess funds but it may be advisable. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that many buyers believe that if they show that they have more money than they have offered, the seller will expect them to pay more. But if you are a seller, you do not want to take your property off the market without knowing that the buyers are truly able to afford it. So particularly if there are multiple offers, it is in the buyers’ best interest to show themselves as financially secure even beyond the price they are paying. We would still recommend you show enough cash to pay the price plus the closing costs and a bit of a cushion. Check out below to see what sold in Lakewoode Parkhomes in November 2015:
22624 Woolsey, Novi: 3 bedrooms, 1.1 bathrooms, 1,005 sq. feet, Sold Price: $107,500
Lakewoode Parkhomes Home Sold
November 2015
22893 Renford Street, Novi: 3 bedrooms, 1 bathroom, 1,005 sq. feet, Sold Price: $114,900
Lakewoode Parkhomes Home Sold
November 2015
22659 Cranbrooke Drive, Novi: 3 bedrooms, 1.1 bathrooms, 1,184 sq. feet, 1 car garage, Sold Price: $135,000
Lakewoode Parkhomes Home Sold
November 2015
If there are multiple offers, it is in the buyers’ best interest to show themselves as financially secure even beyond the price they are paying. For more information on Lakewoode Parkhomes, or similar Northville or Novi neighborhoods such as Country Place, Highland Lakes and Crosswinds West, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.