The
key to remember here is not to get wrapped up in any games. If you keep
your goals in focus at all times, you will be better able to respond to
offers. You will have three choices when an offer comes in. You can accept
the offer, reject the offer or make a counter offer. You should know however-
that technically- a counter offer is a rejected offer. The buyer has no
legal tie or obligation to the contract once any minor changes are made
on it. Although the price will be the main focal point of the offer, you
need to review every detail closely. These details include down payment,
earnest money deposit, possession date, interest rate, loan costs and
inspections- what type and who pays, home warranty plan, personal property
items included in the deal such as washer/dryer, refrigerator etc.
Remember - any little change of the original contract is technically a
rejection- so only make changes if you are absolutely positive that you
cannot or will not go along with what was offered. Contingencies for example-
are things that must or must not happen in order for the transaction to
be valid. These in particular must be spelled out very clearly and followed
up on as to not open the door to the contract falling apart. Again- you
must keep your goals clear throughout negotiations so that you keep your
decisions objective- not based on emotion. It is also important to put
yourself in the buyer's shoes and not see them as an enemy or rival- but
rather as someone who want to purchase your home. It has been said that
imitation is the highest form of compliment.
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