7 STEPS TO BUYING
A HOUSE |
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4. Make an offer. |
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When you’re ready to make an offer on a home, your real estate
agent will help you determine the offer price by reviewing
recent sales of homes similar in size, quality and amenities.
With your input, your agent will draft a written contract that
outlines what needs to be done by both parties to execute the
transaction. If the seller accepts the offer, the document
becomes a binding agreement, so it is imperative that you
carefully review it with your agent and speak up if anything is
not clear to you. It’s important to note that if the seller
changes any aspect of the offer, it is not a binding agreement
until the buyer agrees to the seller’s changes. |
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5.
Offer Acceptance. |
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Sometimes, you get lucky and the seller accepts your offer as
is. However, in most instances, the seller will make a
counteroffer. This is where your real estate agent’s experience
in negotiations will be invaluable. Keep in mind almost
everything is negotiable when you are buying a house. Remain in
close contact with your real estate agent so you can quickly
review any changes from the seller. |
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Remember: Bargaining is
a business process that involves compromise and
mutual respect. Some items you may
negotiate includes: |
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- Price
- Financing
- Closing costs
- Move-in date
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- Repairs
- Painting
- Appliances and fixtures
- Landscaping
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