kinds of conditions: financing and home inspection.
A deal is frequently made conditional upon the homebuyer succeeding in getting some specified amount of financing from a lending organization. Also common is a contingency declaring the deal will only go through if the recommendations made after the home inspection are deemed satisfactory. These two conditions are probably the most common, and both frequently appear together. If either of these two conditions is not realized, the contract would be void. Also, it is important to mention all the inspection conditions in the purchase offer.
BUYING STEP #9: NEGO TEP #9: NEGOTIATE WITH THE S TE WITH THE SELLER
This is the toughest aspect of a home purchase for many buyers. Here, you will find the help of the real estate agent highly useful. Plan how to make a winning negotiation. This requires thorough market research and is achieved through successful negotiation strategies. Once you find your prospective house and intend to make an offer, review comparable sales in the area. Compare these comps with the target house. This helps validate the asking price. Once you have researched properties similar to the one you wish to buy, take the average price of all the homes and mention it in the offer. It is important to visit the homes you are using as comps before deciding on a price. If the target home has additional features, you need to consider them in the price quote. It is best to mention the comparable sales in negotiations. It will give the seller an idea that you have done your research on this, strengthening your bargaining position.
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