What pops in your mind when you think of any Real Estate contract or transaction? The price, right?
It's the critical term, but far from being the only important factor to be considered by Buyers or Sellers. There are costs, finances, and consequences to consider.
Typical costs include commissions, inspections, and legal fees. And so on.
Your Realtor should firmly negotiate and explain who pays for what.
Also pay close attention to conveyances of personal property, such as some appliances, lighting or window treatments, or furnishing. Avoid argument and further negotiation by assuring there is zero confusion about what is included in the sale price.
Another factor that should be clearly spelled out is the consequences of a breach in contract by either side. This is a binding legal document, whereby buyers in breach can lose their deposit, or sellers in breach can be sued for "specific performance" to force the sale of the home.
It's best for you and your Realtor to carefully review a standard contract before you make or consider a purchase offer.
Know what to expect and be prepared to negotiate to "Yes"!
Call me anytime - I am here to help!
Harris First
REALTOR®
I help young families find their first home and negotiate the best possible deal.
Direct Line: 604-295-4091
Harris@HarrisFirst.ca
www.HarrisFirst.ca
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