You’ve just seen a fantastic property, one with many of the amenities on your list. So now what? Do you make an offer or continue looking? When is the time to negotiate?
Preparing to compromise
You may locate your dream property, the one that fits your exact specifications. More often than not, though, you’ll find one that exceeds your expectations in some areas and differs in others. For example, your “wish list” specifies two bathrooms. This otherwise ideal home has one but offers space to expand. It even includes a 3-car garage. And it’s priced to move. That’s where compromise plays its part.
Your agent at Bradford Real Estate will provide timely advice and guidance. However, the decision and control is always yours. If you like the property and feel it’s a good decision, prepare to make an offer. Chances are that someone else already has or soon will, so time is of the essence.
Closing the deal
Once you discuss terms with your broker, he or she will draw up an offer. This document will propose a sale price, as well as other negotiable items (appliances, fixtures) that you would like included with the sale. Once the offer is submitted, it is most often accepted or countered, unless another offer is written with more favorable terms. If it is countered, the buyer presents some modifications for consideration. Once agreeable to all parties, the offer is accepted and a purchase agreement is drawn up. Congratulations, you’re on your way to home ownership.