Negotiations can be the most stressful time of the journey because of the uncertainty of what the seller(s) may be thinking and of the possibility of multiple offers being submitted. If your serious about the property, the best opportunity you have to getting your offer accepted is by presenting your BEST.
The negotiation process might be settled within a few hours or it can take several days. During this time the buyer and seller may counter offer back and forth until an agreement is reached.
Here are some important facts to keep in mind during negotiations:
* If the seller thinks your offer is unreasonable, he/she may take offense and not respond
* Negotiations does not close the door to other offers being submitted
* The seller can stop negotiations with you prior to written acceptance of the final counter
* A verbal agreement isn't binding. Therefore you don't have a contract until all have signed
With an accepted offer in hand it's no time to move on to Step 6 - Inspections
|How Much Can You Afford To Purchase? It doesn't take much effort to find out. Just a phone call, a little financial information, and permission to run your credit check. Within a few hours you will know how much you can afford to purchase Contact a lender|
How much is your home worth? Don't rely upon realtor.com and zillow computerized zestimates to determine your home's value. Call a Preferred sales associate. We know the market, we understand buyer's expectations, and we know where value can be added Contact us.