Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation tactics buyers (and real estate professionals) should avoid.Lowball OffersGoing far below market value when you make an offer damages your credibility as a buyer and can be insulting to the seller. The seller has a range in mind that they’ll accept, and if you&rsq... read more
You’ve found the home, negotiated the purchase, gone through inspections, and received your mortgage approval. All that is remaining is a smooth and timely settlement…hopefully! However, that may not be the case if your lender is scheduled to “wire” the loan funds for your purchase.A wire transfer is an electronic transfer of money. They're (most of the time) reliable, fast and get the job done.
Unfortunately, wire transfers can present drawbacks. They sometimes can get lost or numbe... read more
One of the most important elements of a real estate transaction, after the price, financing terms and settlement date have been negotiated is the aspect of the Home Inspection. It is so important in protecting your interests, that almost a quarter of the standard *Agreement of Sale (13 pages!) is devoted to the Home Inspection process.*Agreement of Sale constitutes the terms and conditions of a property by the seller to the buyer.
It's crucial to have a Licensed Realtor® represent you in the purchas... read more