Thursday, March 1, 2012
Negotiating Skills Key In Finding The Right Realtor In Charlotte, NC.
An overlooked skill by most home buyers and sellers when they choose a Realtor is the negotiating skills the Realtor has. In my years of doing sales I have noticed that what separates the best form the rest is their negotiating skills. In Real Estate where you are working directly for either the buyer or the seller it is probably one of the, if not most important skill set needed.
A good Realtor will not only help buyers find the right house. But after you find the right house they will negotiate on your behalf. The Realtors act as middle person between you and the seller. When it comes to price I always pull all the comparables for a neighborhood and go over them extensively with the buyer. Then advise what I feel is a fair price for the house. This allows the buyer to make an educated decision as to what should be the starting offer on the house. Then the negotiations begin and your Realtor should be able to keep you well informed about the process as it moves through and how to handle the different situations that arise.
But even after you agree on a price their is the negotiation of the due diligence period in Charlotte, NC. The time when you can have all your inspections, and appraisals done before making that final commitment. That date needs to be negotiated as well. Then there is the due diligence fee (the amount of money you give the seller to take the house off the market so you can get all your inspections done). That is negotiatable.
After you have the due diligence negotiated out there is the earnest money deposit which becomes non refundable after the due diligence period. Howe much and when you set that date is critical.
Then you have the inspection repair request based on the home inspection you have performed on the house. Can the seller afford to and will they pay to have the necessary repairs done? Can it be a deal breaker for you?
What about a closing date? When you want to close can be a huge negotiating factor in presenting an offer on a house. A quicker close may benefit some sellers and a longer close may benefit other sellers. But how do you know which way to proceed? Your Realtor should be able to give you this information.
these are all things buyers do not necessarily think about when they are looking at a house and choosing a Realtor. You need to make sure the Realtor you choose is one that works for your best interest....not their pockets. A home is the largest purchase you are going to make in your lifetime. You want to make sure it is the right decision, on the right house at the best possible terms you can get...Only a good negotiator can do that for you.
Dave diCecco
Realtor/Broker
www.davedicecco.com
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