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Buying Home - Negotiating A Contract

Nov 10, 2007
If you are in the market for a new home, negotiating a contract that you can live with is very important. You want to make sure that you get the best possible deal for yourself without putting the seller out. This can be hard to do, but it is part of buying a home. Luckily, there are some tips that can help you to negotiate a contract like a pro.

Here are three things to keep in mind when you are ironing out the details of a real estate contract.

1. Not all contracts are going to be the same. Some people try to use the same techniques with each home that they buy or sell. While some details may be similar, each situation is different because of the people you are dealing with. Treat every real estate contract as a separate one so that you do not get confused with what you are trying to accomplish.

2. Know what you want before you start negotiating. It can be difficult to negotiate the perfect real estate contract if you have no clue what you are after. Before you start you should have an idea of how much you want to spend, what you are willing to give up, and much more. Even if you do not know every last detail, it is still very important to have an idea of what you want to accomplish.

3. Even though you want the contract to suit your needs, you need to keep the seller in mind as well. If all you are worried about is what is best for you, it is safe to say that you are not going to get very far. Work on a contract that is mutually beneficial to both you and the seller. This will help to make for a much more pleasant experience for everybody involved.

These three tips will definitely help you to negotiate a real estate contract like a pro. You are sure to run into issues along the way, and how you deal with them is very important. As long as you know what you want out of the deal, and treat the seller with respect, you should be just fine when negotiating your contract.

When selling a home you need to keep in mind what stays and what goes. In other words, what are you going to give the buyer? This may not sound like a detail that is important, but it is essential to say the least. After all, the buyer is sure to want some things from your home, and at the same time there are items that you will definitely want to keep for your new home. So what stays and what goes when selling a home? First things first, you need to know that this can be part of the negotiation process. In other words, the buyer may very well ask for certain items as part of the deal. Some of the more common items that are requested by the buyer include: appliances such as the washer and dryer and furniture. Of course, you have every right to tell the buyer no if you are interested in taking the items with you when you leave.

There are some items that are known to stay with a home no matter if they are negotiated or not. Generally speaking, these are any items that are attached to the walls. This can include window fixtures, shelving, cabinets, etc. Of course, this is something that you will want to make sure of when selling a home. Remember, there is no guarantee when you are selling or buying. It is better to ask about what stays and what goes instead of assuming. This will only lead to issues with the other party in the long run. You may want to offer some items with your home as a way of making it more appealing to buyers. You could offer to leave all the appliances, and even negotiate items such as a couch, love seat, dresser, etc. Many sellers will tell their agent to let the buyer know that all items in the home are negotiable. This will often times lead to an offer if the buyer was on the fence about doing so.

All in all, selling a home is about much more than the money you will make. You need to decide early on with the help of your agent what stays and what goes with the sale. But remember, even after you decide on this, a buyer may want to negotiate with some of the items that you plan on taking. You might as well listen to what they have to say. Who knows, this may help to speed up the sale of your home!
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