Saturday, September 19, 2009

Real Estate Contract Negotiations 101

Wouldn't you like to be able to drive down the street, find a house available in your dream neighborhood and get an offer accepted for a bundle below the Owner's asking price? Your not dreaming, it could happen ... but not very often.

In today's economy there are advantages and disadvantages to attempting to negotiate the best deal you can get on real property. If you have a Realtor on your side, you stand the best chance of winning the battle. A Realtor should have a grasp of the market or pricing trends in your dream neighborhood. A Realtor should have knowledge of competing offers which would greatly influence negotiation. A Realtor may have a grasp of the Owner's motivation. A Realtor generally should be more experienced in negotiating contractual terms (Negotiating skill is something you are borne with and perfect throughout your life/business career - i.e. They've been involved in way more contracts than you). These are a few of the examples of how a Realtor can assist you and therefore be better able to advise you when thinking of negotiating.

If you are in need of Real Estate Sales, Leasing or Acquisitions assistance in Coachella Valley, you can call me directly @ 1-760-610-3245 or email me: rsullivan@windermere.com

You can read some very interesting statistical information with respect to negotiating in a great article linked below entitled: Taking Advantage of Negotiation – U.S. Homebuyers Paid $7,039 Less Than Listing Price in July

http://rismedia.com/2009-09-14/taking-advantage-of-negotiation-u-s-homebuyers-paid-7039-less-than-listing-price-in-july/

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