Free Home Evaluation
Find Your Dream Home
Once your offer has
been presented to the seller the negotiating
process begins. There are likely to be numerous
counter-offers going back and forth between you
and the seller. There are a few important things
to remember:
- Your offer is just that – an offer –
until it has been accepted and agreed to by
both you and the seller. At any time during
the negotiating process another offer could
come in and cause you to be in a multiple
offer – or worse – lose the house
completely. A wise buyer will try to come to
an agreement with the seller in a reasonably
short period of time.
- If your contract calls for a home
inspection and/or a financing condition,
please choose both of these as quickly as
possible and let your sales representative
know who they are. Your service providers
have a limited amount of time to protect
your interests.
- Be sure to comply with all requests of
your lender after the mortgage application
has been done. Not producing the documents
or information they need can jeopardize your
getting your mortgage on time.
- Generally, the buyer accompanies the
home inspector at the inspection. Please
allow at least 2 to 3 hours for an average
inspection. More time may be necessary for a
large home.
- Your Realtor will act as coordinator for
all activities from this point and will keep
everyone in the loop as far as what is going
on. The lender, home inspector, both
attorneys, the other REALTOR, the title
company will all be performing necessary
duties during this time.
- If necessary your Realtor will work
together with the cooperating Realtor to
negotiate any repairs that were noted during
the home inspection. Remember, routine
maintenance items are not the type of thing
that should be noted and negotiated. The
purpose of the home inspection is to avoid
buying a home with major structural
deficiencies.
- Your walk through will be scheduled as
per your sales contract. Your Realtor will
schedule this with you, the seller and the
listing sales representative. It should
happen just prior to the closing.
- If all of this sounds a little
overwhelming – don’t worry – you’re in good
hands. Your Realtor has been through this
many times and will be there for you during
the entire process. Relax and enjoy the
experience.
|
|
