Negotiate Terms, Step 5

Negotiate Terms is step 5 in the https://homebuying.realtor/home-buying/getting-started/home-buyers-toolkit This information is from  National Association of Realtors and is  deemed reliable not guaranteed   https://homebuying.realtor/home-buying/finding-home,  An ABR ( Accredited Buyer’s Representative) can help you every step of the way When you have found that home that is “The One” it is time to make an offer. Depending on market conditions you may have to act quickly . Making the Best Deal  When deciding what to offer current market conditions are one of the most important factors . Your ABR ( Accredited Buyer’s Representative) can provide valuable assistant on marketing conditions, price ranges and negotiating strategies. To help up make an informed decision on price, your ABR can do a comparative market analysis, this will give you a better since of whether the listing price is higher or lower than comparable properties .The comparative market analysis will help you determine a reasonable price. Negotiating Considerations  Beyond Price, there are other factors that can affect your negotiating position. The Seller could look favorable on your offer if you are an all cash buyer, you are pre approved, there are no contingencies ( you do not have to sell your house to buy) Making an Offer Negotiations begin with an initial offer and conclude with acceptance of final offer , Real Estate transactions require a a written contract which conveys an initial written offer. Your offer will specify price plus all the terms and conditions of the purchase price  you want to negotiate. For more detailed information please order a booklet at https://homebuying.realtor/home-buying/finding-home What Does an Offer Contain? If that the Seller accepts your initial offer , or a counter offer , it becomes a binding contract , serving a blueprint for the final sale. That’s why your initial offer contains the terms and items you wanted. The more demands you make on your offer, the less favorably they make look on your offer . For more detailed information please order a booklet at https://homebuying.realtor/home-buying/finding-home Contingencies A contingency is a term or condition that must be met for an offer to become a binding contract For more detailed information please order a booklet at https://homebuying.realtor/home-buying/finding-home The Sellers Response to Your Offer The Sellers have already decided how much money they want from  the sale of their property. When your offer is presented the Seller’s options are to Accept , Reject , or Counteroffer For more detailed information please order a booklet at https://homebuying.realtor/home-buying/finding-home Withdrawing an Offer Can you take back an offer? In most cases yes , however each state has different guidelines From Contract to Closing Many , many details are including in these steps , your ABR/Realtor is a valuable in helping you keep every aspect on tract from now to closing This information is from  National Association of Realtors and is  deemed reliable not guaranteed   https://homebuying.realtor/home-buying/finding-home,  An ABR ( Accredited Buyer’s Representative) can help you every step of the way For a Buyers presentation or information on our community please visit:  https://kingsbayhomesource.com/communities/

Leave a Comment

Your email address will not be published. Required fields are marked *