Most offers to purchase your home will require some level of negotiation
to come to a win-win agreement. Your real estate agent is well versed
on the legalities of the real estate contract used in your area
and will handle the responsibility of protecting your best interest
throughout these negotiations. In addition, your agent has a thorough
understanding of the contract itself, including what each contract
clause means to you and your buyer, what you will net from the sale
of your home, and what areas in the contract lend themselves easiest
to negotiation. Your agent will review the written offer with you
to make sure that you thoroughly understand what the buyers are
offering and what they are asking in return.
Some of the
items that you may have to negotiate are:
· The price
· Financing
· Closing costs
· Repairs that need to be done
· Appliances and fixtures
· Landscaping
· Painting
· Occupancy time frame
To really gain
some insight into why potential buyers are pursuing the purchase
of your home and how they might proceed in the negotiations, it
is also important to know as much about the buyer as possible, especially
their motivation for buying. Once both parties have reached a point
where the deal is acceptable, your agent will be certain that you
have a legally executable contract.
All information provided
is deemed reliable but is not guaranteed and should be independently
verified. Properties subject to prior sale or rental. Questions
and comments should be sent to
mark@show2sold.com.
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