Negotiations Points to Consider Other Than Just the Price of the Omaha And Council Bluffs House

Negotiations Points to Consider Other Than Just the Price of the Omaha And Council Bluffs House
Homes By Chris Harter: Your Local Omaha And Council Bluffs Real Estate Agent. Call: 402-378-9462 or www.homesbychrisharter.com

Once interested home buyers start putting in competing offers on the desired property, there is the potential for things to become rather stressful and overwhelming. To help keep everyone focused on what matters most, here are the important points to consider other than just the price of the Omaha and Council Bluffs house during negotiations.

Add-In Items

Possibly the most obvious of all options is making large adjustments to the base offer or counteroffer outside of the base price. 

Some sellers who want to sell your house fast in Omaha and Council Bluffs looking to offload an older or outdated property might include a gift card to a hardware store with the understanding that the property will need a serious overhaul. Another more conventional way to show a serious commitment to buying a property is to put down earnest money equaling between 1 and 3% of the established purchase price. 

Finally, a common bargaining chip used by both home buyers and sellers is offering to pay for closing costs. The reason this carries such immense weight in negotiation is that the closing costs will in all likelihood add up to thousands of dollars. 

The actual closing costs will be determined by title insurance, attorney fees, local and state taxes, and more. If you want to to help with this contact your local realtor in Omaha and Council Bluffs.

Repairs

Sometimes an offer can appear incredibly enticing on the surface but then create problems by including too many, or too stringent, repair contingencies. 

Taking the time and care to go through a thorough home inspection will reveal any conceivable problem areas in a home. The downside can arise as some home buyers will feel these problem areas absolutely must be addressed by the seller to the home buyer’s satisfaction before moving any further toward closing. 

This scenario can easily lead to a breakdown in negotiations, and it’s critical that both the home buyer and seller who want to sell their house fast in Council Bluffs and Omaha do their best to understand the thoughts and concerns of the other party when deciding which repairs are necessary, and which are not. 

Timeline

Another consideration that can make a big difference to both home buyers and sellers is the speed with which both parties can agree on closing. 

The seller who want to sell their house in Omaha and Council Bluffs needs to have an appropriate amount of time to take care of any agreed contingencies and move out. Meanwhile, the home buyer is going through the gauntlet of inspections, finalizing any financing, and planning for their move as well. 

During negotiations, both parties are best served to understand these things all take time, and it’s best for everyone involved to work in tandem to reach that mutual goal of closing on the property in a reasonable timeframe. If you get a sense that the other party is in a rush to reach closing, this could be a red flag worthy of closer review. To help you with this negotiation, you must consult a professional and experience local agent in Omaha and Council Bluffs. They will help you avoid possible red flags when it comes to real estate transactions.

Location

As a home seller who wants to sell your house in Council Bluffs and Omaha, you bank on the location of your property to draw in the right home buyer and get you the offer you’ve been waiting for. 

As a home buyer, you’re likely to find a property desirable if it’s near your usual shopping and entertainment destinations, well-rated schools, or close proximity to city services and major commuting routes. If you’re living in a major city, you may also factor in inaccessibility to mass transit stations. 

These points can all come into play during negotiation in order to increase an offer because of the convenience, or even decrease an offer because you feel it’s acceptable but not exactly what you’re looking for. Be ready to make your case in a substantive and concise manner. 

Finally, homebuyers should take into account the prospective resale value if they are to purchase the property. The location of the property and the neighborhood in which it exists are a large part of that resale value.

Your Partner in Negotiations for Omaha and Council Bluffs Properties

Get professional help from a local real estate agent in Omaha and Council Bluffs you need to make your Omaha real estate negotiations run more smoothly by contact Chris and her team of Homes By Chris Harter today at 402-378-9462 or www.homesbychrisharter.com!

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