Now that you have found the property you love, it is time to make an offer. When it comes to Carlsbad Real Estate your Realtor should be able to walk you through the process. Your Realtor should provide you with a complete service and submit the "Offer Contract" to the selling party. This contract will enable you to specify a number of very important things. They include but are not limited to your offer, closing and possession dates, deposit amount, inspection/negotiation terms and other terms of purchase.
This is a very important document and you should review it carefully with your Realtor to ensure that your wishes, desires and conditions are fully represented. This is another great thing about working with a highly qualified and local Realtor. He or she will be able to put the offer together for you and ensure it has been carefully written with your best interests in mind.
Once the offer is complete, your Realtor will submit their offer to the seller or the seller's representative. This is where the game starts. At this point in time the seller can
• Accept The Offer: Congratulations, you got the property of your dreams.
• Reject The Offer: There could many reasons for the buyer to do so. Do not despair. Try to figure out what has happened with your Realtor and submit another offer if there is still an opportunity or desire to do so.
• Counter It: They come back to you with various adjustments and revisions to your offer. It could be anything from asking for a higher price to asking you not to do anything with a tree house in their backyard because uncle Russ build it and it has a lot of sentimental value.
The bottom line is this; in the majority of the cases, the outcome of your offer will depend on a multitude of factors that you might not even be aware of. They could include market conditions, number of offers out there, motivation to sell, need to sell, financial issues and the list goes on.
Whatever the response you get, please note that it might not have anything to do with you and might have everything to do with the seller.
Counter Offers are particularly interesting. At this stage the buyer and the seller go back and forth, with deadlines for responding and meeting certain conditions. That goes on until both parties are happy or happy enough to move forward with the transaction. Simply put, this is a negotiation for one of the largest financial transactions in your lifetime and another reason why you should work with a Realtor.
Having a great and skilled Realtor at your side during this negotiation process can save you tens of thousands of dollars and help you avoid problems down the road. When it comes to Carlsbad Real Estate, a local Realtor is likely to have a huge amount of information in regards to the property you are negotiating about, the market you are negotiating in and the amount of competition you are likely to face. Plus, the Realtor is likely to know the real estate agent on the other side of the transaction, which can be of significant help as well.
If you are considering purchasing a property in Carlsbad or should you need more information about anything, please don’t hesitate to contact me at any time at davekearney@live.com or visit CarlsbadRealEstate.
