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HOUSE HUNTING

HOUSE HUNTING

Once you have found the property you want, we will write a purchase agreement While much of the agreement is standard, there are a few areas that we can negotiate:

The Price

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In our current market, the lit price is often the starting price and you may need to be prepared to go above the listing price. What you offer on a property depends on a very large number of factors, including its condition, length of time on the market, buyer activity, and the urgency of the seller. While some buyers want to make a low offer just to see if the seller accepts, this often isn't a smart choice, because the seller mat be insulated and decide not to negotiate at all.

Due Diligence

In this market, we are seeing many buyers waive their Due Diligence, this is not something we would suggest you do unless you've had their home inspected Due Diligence is the time frame in which you have all of the home inspectors, pest/termite inspections, radon inspections, etc. This is also the perfect time for you to research the area, neighborhood, school list, sex offender list, and crime rates.

THE MOVE-IN DATE

If you can be flexible on the possession date, the seller will be more apt to choose your offer over others. Many sellers like to have a few days after closing to be able to relocate.

Closing Costs

Beyond the cost of the home and the cost inspections, there are other fees associated with obtaining a loan, having the attorney close the transaction and the title company that will insure the loan and ensures you as an owner. These fees are called "Closing Costs". The Buyer will pay all the costs associated with obtaining the home other than the fee the seller has agreed to pay the Real Estate Agent (s). In an effort to reduce "out of pocket" expenses or reduce the amount of cash you will need to bring to the table, we can ask the Seller to cover a certain amount of those fees, however in this market it may be difficult to request this and you would most likely need to add anything you are asking the seller to pay into your offer

Once you have found the property you want, we will write a purchase agreement. While much of the agreement is standard, there are a few areas that we can negotiate:

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