CLOSING THE DEAL!
You have just signed a contract to purchase your first home and find there are still several hurdles to jump before “closing the deal”. Most offers are contingent on the buyer obtaining financing within a specified period of time and a satisfactory home inspection. In today’s market, there is the additional challenge of the home appraising for full purchase price.
The home inspection and the appraisal can open a contract for further negotiations and create added stress on both buyer & seller. The inspection usually takes place within the first 7 to 10 days of the contract with additional time allowed to reach agreement on any necessary remedies requested by the buyer. During purchase price negotiations, sellers often come down to their “bottom line”. Inspections create opportunity for further reductions to the seller’s net proceeds.
The appraisal is a relatively new challenge to contract negotiations and is increasingly relevant in today’s volatile market. The lender will have an appraisal done on the property prior to closing. Buyers are not going to want to pay more than an appraised value for their new home, and lenders are not going to want to provide a loan for the home.
Your real estate agent should be able to provide helpful insights throughout the entire purchase process. The 4forU Team has developed a referral list of reputable home inspectors to assist buyers with property inspections. Additionally, we have the skills necessary to negotiate this element of the contract. A comparable market analysis (CMA) is useful in assisting buyers and sellers with sale & purchase price decisions. A thorough analysis of the market helps insure that there will not be any surprises during the appraisal process.
Looking to learn more about selling or buying a home? Jeanne Gauer, Maggie Chudik, Kelly Cantwell & Susan Sutherland all have the necessary knowledge to help you close the deal!
Consumer Needs
A lot of time and money is invested by real estate professionals in an effort to capture the attention of consumers. A quick glance through any neighborhood paper displays countless ads featuring agents promoting themselves. Real estate is an increasingly competitive business and self-promotion is the name of the game.
The people at 1000watt Consulting have put together this clever vox pop to clue us in on what’s really important to people looking to buy or sell a home. This business is about relationships, and Realtors have a responsibility to provide expert guidance through very important decisions.
Best advice to buyers & sellers… select an agent that you connect with and trust. This can be a long-term, sometimes emotional, process. It’s important that your Realtor be accessable, reliable & caring!
Take a look at this vox pop: http://www.wellcomemat.com/video/6DF8FF1C76
The philosophy of The “4forU” Team is all about service. It is the key to our success and brings each of us a sense of accomplishment. You can contact Jeanne Gauer, Maggie Chudik, Kelly Cantwell or Susan Sutherland with Real Living HER to find about more about what we can do for YOU!
