Monday, April 02, 2007

When Closing What Happens If The Seller Rejects The Offer?

With real estate transactions it is common for the original offer to be rejected by the seller.
But, a home buyer should not take it personally. Often, negotiations on a price go back and forth several times before a deal is made. Rejecting an offer is often a signal that the seller wants serious negotiations to begin. So, don't let a rejected offer stop you.

At this point in the transaction the home buyer should think carefully about how much he or she wants to buy the property and how much they are prepared (or able) to pay.

Offering more money for the property is one option. However, a buyer can also take the opportunity to trade off other aspects of the transaction in consideration for paying a higher price for the property. The buyer could ask the seller to cover some or all of your closing costs, or to carry out repairs.

There is one very important thing for a home buyer to remember when negotiating any real estate contract. The home buyer should never lose sight of what he or she really wants and can realistically afford.

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