If there are any problems, your agent will be notified. Most problems should have been ironed out by now, but if the walk-through results in a nonacceptance by the buyer, there might be some renegotiation. POINTS TO REMEMBER: ; Negotiations can involve many details besides price. ; After accepting a buyer’s offer, expect additional hurdles, including the buyer’s loan application, credit report, and various inspections. ; Real estate contracts often require an escrow holder. ; Consider using an attorney, even when not required. ; Normally, the seller provides title insurance for the buyer. Title companies provide title insurance and often have access to escrow and closing services. ; Real estate transactions are complex and risky. There is no substitute for professional advice. • • •
Where Buyers Found the Home They Purchased 51% Internet 34% Real estate agent 8% Yard sign/open house sign 4% Friend, relative, or neighbor 2% Home builder or their agent 1% Directly from seller or knew seller 1% Print newspaper advertisement
©2016 National Association of REALTORS® 2016 Profile of Home Buyers and Sellers
82
Powered by FlippingBook