Flat Fee Texas MLS Listing Service
Tips for Sucessfull Contract Negotation
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Home purchase contracts are seldom accepted as they are first written. Like treaties between countries, diplomacy is used to go back and forth to arrive at a argreement.
Now as a seller your primary focus will be on the price, however many things in the contract may affect your final net price that you should be aware of.
These include:
- Is your buyer approved by a reputable lender? If not send them to the buyers resources of our site and we can get them to a good lender.
- Are there terms of the financing that affects your net price (FHA loans for example).
- How much ernest money is involved and who will hold it (a title company is the best).
- Which title company will you use for closing? (normally the buyer picks one via their agent, if you found the buyer contact us and we'll help you find one)
- Are the taxes prorated or do they want you to pay the whole year?
- Who pays for the title policy?
- Is a survey neccesary (ususally is) and who is paying for it.
- Are they requesting any private property to be included?
- What is the expected closing date and are they asking for possesion of the property prior to closing.
- Are there inspections to be performed and what contingencies are attached to them?
- What repairs are they asking you to perform.
- What items can you be flexible on and which ones are non-negotiable to you?
- What items can you be flexible on and which ones are non-negotiable to the buyers?
