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Real Estate Tips
Making An Offer >Negotiations Part 2

If you are the buyer in a home sale transaction, you should be prepared to submit an offer to the seller. An offer is not simply the price -- there are more components involved.

The real estate agent will act as the conveyor of information. There are a few things to look out for in such negotiations: 1) include a finance contingency, even if you have loan pre-approval, 2) insist on an engineer's, termite and radon inspection contingencies, 3) itemize the personal property you want included, such as chandeliers or drapes, and 4) submit the closing date you prefer.

Buyers should be prepared to make their best offer first, but if that offer is not acceptable to the seller, they should expect to go through a round of counter-offers.

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Real Estate Trivia
Q 
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?

A 
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
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The Gits Group, REALTOR®, real estate agent and broker for Richmond, Henrico and Midlothian, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Gits Group
Keller Williams Realty

7231 Forest Ave, Suite 303
Richmond, VA 23226
Office: 804-545-6648
Fax: 804-282-5910
claytongits@kw.com

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You can find great local Richmond, Virginia real estate information on Localism.com Clayton Gits is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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