- The price negotiated for a home only is the one aspect of a real estate transaction. Items such as financing clauses, home inspections, closing costs, appliances, and home warranties also can be negotiated. Working with a REALTOR® can help ensure all parties are satisfied with the end result of the negotiation process.
- Many real estate sales contracts include a financing contingency enabling the transaction to be canceled if the buyer cannot secure financing. Financing contingencies generally are two parts: 1) the buyer has a set number of days to remove the contingency, and 2) the mortgage rate will be no more than a certain percentage. While including a financing contingency is common, sellers should ensure the buyer applies for a mortgage right away so that if he/she cannot qualify, the house can be put back on the market without too much lost time.
Click here to get loan information before the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO’s) or thinking of selling your property, please contact me today for free counseling at (619) 301-0200
By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net/ and I’ll be happy to follow up and take great care of them.