The Price Is Not Always Right.
“The higher the price, the better the offer.” Do not let yourself be fooled by this popular misconception. Price is not always the determining factor when accepting an offer for several important reasons: the initial offer is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust me as your Listing Agent to help you thoroughly evaluate every proposal without compromising your marketing position.
Negotiating The Right Way.
I take the ethical responsibility of fairly negotiating contractual terms very seriously. It is MY JOB to find a win-win agreement that is beneficial to all parties involved. You may even have to deal with multiple offers before ratifying the one you judge to be the most suitable for you – and as your agent, I promise a thorough and objective assessment of each offer to help you make the right choice.
The Initial Agreement and Deposit.
A RATIFIED Purchase Agreement is a legal arrangement between a potential purchaser and the property’s seller. In California – a legally, binding agreement requires Earnest Money Deposit (EMD) from the Buyer. EMD is typically between 1 and 3% of the Purchase Price, held in Escrow pending the fulfillment of conditions or contingencies in the effective agreement.
Now that you have chosen your Offer, you and the Buyer will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smooth flow of negotiations and also ensures that each party involved is not in breach of their agreements. During the process I will keep you updated so you’re always be prepared for the next step.