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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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