clauses of the offer will be met completely, accurately, and satisfactorily. Further, the escrow agent serves as the manager of the trust account that holds the funds that will cover the value of the transaction. You might be wondering how long the money that you will deposit remains “in escrow.” The money collected from the buyer is held in escrow until the seller completes his or her obligations, and transfers the title over to the buyer. After this transfer is authorized, verified, and completed, the payment is then remitted to the seller. The “earnest” money is used to cover some of the down payment, the purchase price, and the closing costs. STEP 9: YOUR REAL UR REALTOR® WILL NEGO WILL NEGOTIATE WITH THE TE WITH THE SELLER ON YOUR BEHALF! The negotiation process in real estate transactions is one of the key steps for both the buyer and the seller. While the seller and listing agent want to sell the home for the reasonably highest amount they can, the buyer and the buyer’s agent want to get the best deal that they can. It can feel like a competition, and this is where negotiations come into play. For many buyers, this is the toughest and most challenging aspect of purchasing a home, to the point of becoming exhausting. Let your agent who’s skilled in negotiation tactics handle the negotiation. In fact, this is one of the biggest reasons that we recommend hiring a licensed REALTOR® or Real Estate Agent is for— negotiation! The buyer will need to plan ahead with the REALTOR® or Real Estate Agent on how to make a winning negotiation strategy. For example, once you find the home that meets your needs and falls within your price range, and you intend to make an offer, you should review comparable sales in the area and compare these comps with the prospective house, which will aid in validating
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