
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. |