Once your offer is accepted, then the work begins!
Inspections need to be scheduled, paperwork submitted to the lender, appraisal ordered by the lender and negotiations come into play again once the inspection is completed.
If the inspection reveals repair work needed, you have the option to walk away from the sale and continue your search, provide the seller with a list of items to be addressed or accept the property “as is.”
The Art of Negotiation:
In some cases, there may be times it’s reasonable to submit an estimate and request the seller pay for repairs to your chosen contractor after closing. This ensures the work is done to your satisfaction.
You could also ask for certain items outside of closing, with a separate bill of sale, such as: patio furniture, bar stools, riding lawnmower, refrigerator, washer/dryer, etc.
The contract price is rarely negotiated after the contract is binding, as the lenders have already ordered the appraisal. There are many factors to consider when deciding about negotiation tactics, and when to “let it go” in a hot seller’s market.
The ONE thing I’ve learned…
In nearly 12 years of working hard in the real estate business, I’ve learned no two transactions are alike. Every buyer is different, so I do my best to accommodate your needs and ensure you have a home you’ll love! I stay on top of the paperwork until closing is complete and work in each buyer’s best interest!
Stay tuned next week for “The Seller’s Journey” - The Art of Negotiation, Part 2
Are you looking for advice about selling a home? There’s so much more to it than most people realize. I love helping people navigate their way through one of the biggest financial transactions of their lives. In my next newsletter, I’ll cover the finer details about home selling negotiations. Meanwhile, if you need advice before then…
Call, text or email me with your questions!