The Real Estate Encyclopedia
What Is Negotiable On A Purchase Contract?
Category - Home Selling Questions - General Home Selling FAQ's
Most terms of the contract, except the requirement that the buyer obtain the necessary funds to purchase the property, are negotiable.  The purchase price, sellerís contribution to closing costs (if any) and closing date are three of the most important terms negotiated by buyer and seller.  In addition, some buyers will ask for personal items such as window treatments, lawn equipment, appliances, which are considered personal property.  These items should be presented under a separate bill of sale.  Once the inspection has been completed, the buyer and seller negotiate the repairs the seller may be responsible for.

 

Negotiations are always part of the sale of a home. It is a good idea to discuss your needs, wants and negotiation strategies with your real estate agent before you in deciding which terms of the offer to accept and which terms to negotiate.

 

Unless the seller is under particular financial pressure, market conditions and personal motivation influence how far the seller is willing to negotiate.

 
Category(s)
Home Selling Questions - Agent, Offer & Commissions FAQ's
Home Selling Questions - General Home Selling FAQ's
Home Buying Questions - General Home Buying FAQ's
Home Buying Questions - Buying Legal & Closing FAQ's
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