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  • Writer's pictureDale A

Knowing What A Good Offer Is For Your Home And How To Negotiate Effectively

Updated: Aug 9, 2023

Good Offer

If you are selling your home, you want to get the best possible offer from potential buyers. But how do you know what is a good offer and how do you negotiate effectively? Here are some components of a good offer and some tips for negotiating.

A good offer should include:

  • A fair price that reflects the market value of your home and the condition of the property.

  • A reasonable closing date that suits your timeline and preferences.

  • A pre-approval letter or proof of funds from the buyer's lender or bank, showing that they have the financial ability to complete the purchase.

  • A contingency clause that allows the buyer to back out of the deal if they fail to secure financing, pass the home inspection, or meet other conditions.

  • A deposit or earnest money that shows the buyer's commitment and seriousness.

Some tips for negotiating effectively are:

  • Be realistic and flexible. Don't expect to get your asking price or reject reasonable offers. Be willing to compromise on some terms and conditions.

  • Be responsive and communicative. Don't delay or ignore offers or counteroffers. Keep the lines of communication open and clear with the buyer and their agent.

  • Be respectful and courteous. Don't get emotional or defensive. Treat the buyer and their agent with professionalism and respect.

  • Be prepared and informed. Do your research and know the market trends, the comparable sales, and your bottom line. Have a backup plan in case the deal falls through.

Selling your home can be a stressful and complex process, but with a good offer and effective negotiation, you can achieve a successful outcome.

El Chapo

"El Chapo"

Dale A

Director of Marketing and Operations

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