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.
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