Found your dream home? This is when the negotiating should start. As your agent, we will advise you as you make your offer to the seller. You will be eager to start by learning as much as possible about the worth of your property.
ur agent has up-to-the-minute price data at hand to help u analyze any comparable properties; It's not just "location, location, location" when looking for a home that's "comparable" to the home you're looking to buy; we're looking for same neighborhood, same age and condition, same lot size and same home style - in terms of square footage, number of rooms and baths, and terms of sale
Find Santa Rosa homes for sale
Ask about recent pricing trends in the neighborhood. You want to ask how much lower, or higher, people are paying houses for compared to the original listing price. How is the assessed tax value related to what it could actually sell for?
Offer what u think the house is worth Some asking prices have built-in padding, but others r already priced to sell. U could lose a well-priced home with a low-ball bid. a lower mortgage interest rate will allow u to borrow more and pay a higher price for a home without increasing ur monthly payment.
Consider getting a pre-purchase appraisal and home inspection. An appraisal will tell you what a fair house for the price might be, and an inspection alerts you to potentially expensive issues the average person would miss. If you can, make a satisfactory appraisal and thorough inspection a contract contingency.
Look at all the contingencies specified in the contract, including attorney review, sale of the previous home, and acceptable mortgage loan terms. An offer should be accepted smoothly when contingencies are used wiht no delay in the final decision. If you have too many contingencies you will not have as much bargaining power.
Know what's important to u Prioritize the elements of the sale on paper must" and "want" And come up with s decision where you have an agreement room-- what you'll sacrifice or acknowledge to substitute for a compromise.
Usually items include changes for repairs, what items stay and what items go, closing costs and date to move-in. The most important thing to have in the negotiation process is the knowledge of what you want and what price you are willing to pay.
Put everything in the 1st purchase offer
If the 1st offer is accepted it may be too late to add anything. A financial statement needs to be included. Do all negotiating in writing with a deadline for a response U are free to cancel an offer until it is accepted by the seller. You must have your binder or deposit to be held in an escrew account and the interest credited to you.
Search Sonoma County Real Estate
Be Patient,as the negotiations can take several days. It is important to be patient and not rush into one of the most significant purchases you will ever make.
We can help you find the house of your dreams so contact us today. We can help you find a home by giving you all the pertinent information we have at our disposal that will enable you to make the best offer for the home that works for you. Search latest Sonoma County Real Estate Listings at www.SoCoRealEstate.com
Posted by earnestlarsen175
at 4:26 AM EST
