05/14/2024
🤝💼What is negotiable in a real estate transaction? Here are some key negotiable aspects in a real estate transaction:
1️⃣Price: The most obvious negotiation point in any real estate deal is the purchase price of the property.
2️⃣Closing costs: Buyers and sellers can negotiate who pays for various closing costs.
3️⃣Repairs: Buyers may request repairs or credits for repairs based on the results of a home inspection.
4️⃣Contingencies: Both parties can negotiate contingencies, such as financing or appraisal contingencies, that must be met for the deal to proceed.
5️⃣Closing timeline: Negotiating the closing date allows both parties to coordinate the timing of the transaction to their advantage.
6️⃣Inclusions/exclusions: Negotiating what items are included or excluded from the sale, such as appliances or furniture.
7️⃣Home warranty: Negotiating whether the seller will provide a home warranty to cover certain repairs after the sale.
8️⃣Occupancy: Negotiating the terms of occupancy, such as allowing the seller to rent back the property for a period after closing.
Veronica M. Goodrich, Broker
Top 700 Agents/Teams/Groups in the Mid-American Region for 2019, 2020, 2021, 2022 (Illinois, Indiana, Wisconsin)
2022, 2021, 2020, 2019 Multi-Million Dollar Producer
Keller Williams Success Realty
#1 Brokerage in the U.S by #1) Agent Sales, #2) Sales Volume and #3) Agent Count
📍600 Hart Rd. Suite #105 Barrington, IL 60010
🌐http://vgoodrich.kw.com
📧[email protected]
📲 847.502.9123
📠 224.357.8089
