Larry Edgar - Sutton Sales Representative - Information for Buyers

NEGOTIATING THE PRICE

Negotiating the final price in the sale of a home involves both the buyer and the seller. As the buyer, you want to get the best deal possible so often will try to negotiate a price lower than the listed price.

When you are ready to place an offer on a home, as your REALTOR, Larry will assist you in understanding the terms and conditions contained in the offer, and will provide you with any advice you request, but ultimately the offer you make is up to you.

As the buyer there are 3 possible responses you will receive from the seller in response to your offer:

• Acceptance of your offer If the offered price meets all the seller's expectations, and any conditions are acceptable to them, then the seller may decide to accept your first offer as originally submitted.
  
  
• Counter-offer proposed
  If the seller is not satisfied with the original offer, they can reject it and propose a new offer (counter-offer). As the buyer, you may have changed your mind since submitting the original offer, or you may chose to reject the counter-offer and continue your property search. There is no option for the seller to accept the original offer at this point. You may also decide to make another counter-offer back to the seller. This process of counter-offers continues until an agreement is reached, or the counter offer is rejected by either party.
  
  
• Rejection of your offer
  The seller is under no obligation to accept any offer or to make a counter-offer, and may chose to reject your offer.

As an experienced REALTOR^®, I will help make the negotiating process a smooth one from start to finish!

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