
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. |