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.