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Written by Tamara Schmitt
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Friday, 25 November 2005 |
Sellers are said to focus on price more than anything else, so if you're offering full or close to asking price you may have an opportunity to improve your terms. There are many reasonable requests you might make with an offer.
For instance, you may ask the seller to contribute to closing costs, or to provide a home warranty in case something wrong is not detected during escrow or goes wrong in the following year. Ask that the seller check the boxes warranting that all appliances are working. Then, if you find something not working during escrow, the seller will have to fix it. Most offers will be contingent upon the buyer getting financing and on a professional inspection and lender appraisal. Even here you have an opportunity to play with the terms. You could ask for 60 days to secure financing and then set a date for the seller to be out of the property. You may also ask for assistance on the prorating of taxes, club dues, homeowner's association fees, and so on. |
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Last Updated ( Tuesday, 22 August 2006 )
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