completed, the payment is then remitted to the seller. The “good faith” or “earnest” money is used to cover some of the down payment, the purchase price, and the closing costs.
STEP 9: NEGOTIATE WITH THE TE WITH THE SELLER
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.
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