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Undoubtedly selling
a property is a very important event. A great amount of money is
involved. The persons move from a known and comfortable environment
to an environment that is unknown and uncertain, with its period
of adjustment to the change, in general something that one does
not get used to very easily. There are changes in employment, new
schools, new friends and neighbors, the distance where old friendship
will stay and the possibility of making new friends.
Undoubtedly the sale of a property can be complex
by itself. You will have persons seeing your property, documents
to sign and terms to be negotiated.Because the sale of a property implies a mixture
of personal and business matters, it is very important to do things
right from the beginning. You need to prepare the property on sale
very carefully, to understand the current market conditions of Real
estate, and to see and study the alternatives that are available.What is an acceptable offer?Though it is the goal of all sellers to see
people on line interested in his property , like an auction, offering
more and more; this happens very rarely, normally the Market is
a balance between buyers and sellers. There is certainly a number
of factors that will determine if an offer is acceptable or not
:
- Is the offer clear and understandable in its terms and conditions?
Is the offered price the one you wish? Or near the price? Or
on the price?. Has The buyer accepted all the terms? Do You have time to wait for other offers to come in ?. Do you have alternative to the offers?. If a property has not
got offers for a long period of time, you must think in the expenses
incurred this period of time. What about if you dont receive any other offers?. What about if you receive several offers? Do You choose the
higher offer but with less financial possibilities or the one
that is a bit less but with a lot of possibilities to do a fast
closing?.
- In all the cases, the assistance of your Real estate Agent ,
will be necessary to examine the offers received , to consider
the market options and to determine if the offer is acceptable.
Counteroffer? When a property become available for, what the
owner is essentially doing is an offer to the buyers: For such much
money and these conditions, you the buyer can acquire this property.
The buyers can answer in different ways:
- I am not interested. Yes, we buy it on your price and conditions.
- We are interested and this is our counteroffer
A counteroffer is nothing more than a new offer.
Same As the buyer , the seller has at least three options to answer
:
- To accept the offer To decline the offer
- To do a counteroffer
The offers and the counteroffers reflect the
activity of the Market. It is a practical and efficient process,
but it could contain clauses and hidden costs. The professional
experience of your Real Estate Agent could assist you in the whole
process of the negotiation.How to negotiate?Often there has been discussed that all the
negotiations always produce a WINNER and a LOSER. Others suggest
that there are situations also where both parts obtain some advantages
of value in the negotiation .In a typical transaction of Real estate there
are commitments of both parts. IT IS NOT A WAR, it is not a situation
where the one that wins takes everything to itself and it is not
the time to take personally the comments that the future buyers
can do .
The process of negotiation must be seen
as a normal business process; the buyers must be treated with respect
and the owners should not lose the interest that they have demonstrated
for the property, nor either its conditions. You as owner must adapt
to these procedures before being able to sell your property. |