You have endured never-ending showings, months on the market, and your Brevard County FL real estate agent calls and claims you are getting an offer. Do you know what to expect? What's the negotiation process? It can all appear a little frightful. How do you know when to stop negotiating and stand firm? This is what your real estate agent is for. To steer you through the offer process so you know and are comfortable with the process.
The buyer's agent will send the offer over to your agent to take a look over. Your listing agent will look for some key points. These major points are first and for most what's the offer price. Then they'll look at any contingencies, closing costs, due research dates, assessment and financing deadlines, and when the buyer wants to shut. Your agent will also look for any special requests in the offer. Then your listing agent will either come over, or e-mail you a copy and call you to talk about the offer.
What are contingencies you ask? They are the things the buyer can utilize to back out of the contract. These things can include: the buyer's capability to secure financing, your home assessing for the agreed on contract price, and the results of a home inspection. Dependent on what part of the country you live in a consumer can back out of the contract before the cited dates for any of the above reasons and keep their earnest cash.
Your listing agent should be a great negotiator. They have to know how to push to get you the best possible terms without scaring off the purchaser. This can take years of practice, so a seasoned agent is vital. They also must be good listeners. They have to know precisely what you want and are willing to barter on. This may insure they aren't agreeing to any terms for you that you are not comfortable with.
Once you and the buyer have agreed upon the details of the contract, the genuine transaction part of selling your home is really just beginning. There will be a home inspection. It can be very stressful waiting for the result of the inspection. If the buyer is requesting any repairs after the home inspection, your listing agent will advise you on what to mend. They are going to be able to hinder you from fixing things that are nonessential, and help you to get bids on things that do need to be taken auto of before you can sell your home.
Your agent will also keep you updated throughout the selling process. They're going to let you know when the rating must be done and the outcome of it. They will also tell you when the buyer has been fully accepted for their mortgage. Your listing agent will arrange your closing for you, and get you a copy of the HUD 1 settlement statement. This statement will show you any proceeds you may be receiving.
After closing your agent may be available to you if you have got any questions, or need any copies of your bureaucracy. They should not just disappear after the job is done.
The buyer's agent will send the offer over to your agent to take a look over. Your listing agent will look for some key points. These major points are first and for most what's the offer price. Then they'll look at any contingencies, closing costs, due research dates, assessment and financing deadlines, and when the buyer wants to shut. Your agent will also look for any special requests in the offer. Then your listing agent will either come over, or e-mail you a copy and call you to talk about the offer.
What are contingencies you ask? They are the things the buyer can utilize to back out of the contract. These things can include: the buyer's capability to secure financing, your home assessing for the agreed on contract price, and the results of a home inspection. Dependent on what part of the country you live in a consumer can back out of the contract before the cited dates for any of the above reasons and keep their earnest cash.
Your listing agent should be a great negotiator. They have to know how to push to get you the best possible terms without scaring off the purchaser. This can take years of practice, so a seasoned agent is vital. They also must be good listeners. They have to know precisely what you want and are willing to barter on. This may insure they aren't agreeing to any terms for you that you are not comfortable with.
Once you and the buyer have agreed upon the details of the contract, the genuine transaction part of selling your home is really just beginning. There will be a home inspection. It can be very stressful waiting for the result of the inspection. If the buyer is requesting any repairs after the home inspection, your listing agent will advise you on what to mend. They are going to be able to hinder you from fixing things that are nonessential, and help you to get bids on things that do need to be taken auto of before you can sell your home.
Your agent will also keep you updated throughout the selling process. They're going to let you know when the rating must be done and the outcome of it. They will also tell you when the buyer has been fully accepted for their mortgage. Your listing agent will arrange your closing for you, and get you a copy of the HUD 1 settlement statement. This statement will show you any proceeds you may be receiving.
After closing your agent may be available to you if you have got any questions, or need any copies of your bureaucracy. They should not just disappear after the job is done.
About the Author:
Article offered by Rosanne L Thompson a Merritt Island FL real estate agent. If you're intersted in selling a home, you can check out additional info on Rosanne's Rockledge FL real estate internet site.
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