Florida Travel and Tourist Information
Top Tips from Real Estate Author Mark Nash for Negotiating a Home Purchase Contract
These tips are excerpted from my fourth real estate book: "1001 Tips for Buying and Selling a Home" by Mark Nash. ISBN: 0324232896 Thomson/South-Western 2004.
464 unless you are in a "hot" market area, do not feel pressured to write a purchase agreement after a showing.
468 Learn how to protect yourself by using contigencies.
472 Do not allow your real estate agent to arbitrarily waive any contingencies for financing or appraisal in your purchase contract.
727 Require all offers on your home to be in writing.
734 Remember price is one of many terms of a successful offer.
-Investigate what percentage of list price, homes have sold for in your market in the last six months.
855 Establish what is customary in your market: will you be receiving an "offer to purchase" or a "real estate contract" on your property?
857 do not propose terms if you can't live with them; be aware of what you say and when you say it.
862 Consider your options if you receive multiple offers at one time for your home.
864 Have an attorney review all contracts on the sale or purchase of a home, before you sign them.
865 Take special note of the earnest money being offered with the contract.
867 Do your buyers have a home to sell? Is it already on market? Buyers needing equity from their current home to purchase yours is typical. Look for their property to be listed, priced correctly, and typical in style, condition, and features for market.
869 Pay special attention to any requested contingencies in the contract.
-The longer a contingency period, the higher the probability of the buyer exercising its use.
Mark Nash is a nationally recognized consumer advocate for buyers and sellers of residential real estate. Author of four books including the recently released "1001 Tips for Buying and Selling a Home" Thomson 2005. Mr. Nash has been featured in The New York Times,USA Today, Fidelity Investor's Weekly, CBS The Early Show, Bloomberg TV, Dow Jones Market Watch, MSNBC.com Unique Homes Magazine and The Universal Press Syndicate. His radio show "Real Estate Coast to Coast with Mark Nash" http://www.business.voiceamerica.com on Wednesdays 9AM PST,11AM CST and 12 Noon EST. The show is looking for interesting guests including; real estate journalists, interior designers, home improvement experts, real estate attorney's, appraisers, home inspectors and celebrity's.
About Florida / Florida Accommodations / Florida Attractions / Arts & Entertainment in Florida /
/ Dining in Florida / Florida Shopping / Florida Real Estate / Florida Visitor Information /
/ Florida Events / Visit Florida Online Home Page
Copyright © The Link Related Companies, all rights reserved
Website design, hosting and marketing by Cyberisle