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You have found a house that makes your heart skip a beat--it is in the right location and has all the amenities you want. The price is the only thing that is keeping you from making an offer, because you feel that it is more than you can afford. How can you maximize the possibility that the owners will accept an offer that is much lower than their asking price?
The first thing you should do is to make the offer as "clean" as possible by not asking for special contingencies. Avoid making demands on the sellers for minor repairs, such as cutting down the dead tree in the back yard or leaving custom drapes. Be as flexible as possible about scheduling the move-in date to accommodate the seller's plans. Finally, you can offer a larger-than-usual deposit to persuade the sellers that you are a serious buyer and to make it harder for them to "just say no". Each situation is different, but the "cleaner" the offer, the more likely the sellers are to accept it.
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
Susan Eidler Desert Dreaming Realty, Inc. 78365 HWY 111, #166 La Quinta, CA 92253 Direct: 760-341-3172 Fax: 775-855-9541 Email: susan@DesertDreamingRealty.com
Any real estate professional in today's world must be tech-equipped, have a depth of knowledge about values and cycles and most importantly be a smart marketer. Be capable of creating a demand for your home if selling, and able to find the very best value for you when you are buying. Real Estate License # 01224568 CA
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