Buying a home can be complicated, so it’s easy to get misinformation about the process. A Texas REALTOR® can help you avoid problems, but here’s some clarification about a few false assumptions.
Myth: I can use sites that list home values to figure out a fair offer price. Truth:There are a lot of sites online that offer estimates of how much a home is worth, but they’re not always reliable sources. If you use them to come up with an offer, you may end up spending more than you need to. A Texas REALTOR® has access to accurate information about your market, other homes sold in the area, and property features, which can help you arrive at an appropriate offer price.
Myth: Sellers have to fix issues noted in an inspection report. Truth:They don’t—even if you ask them to. Repairs are a negotiable item like other terms of a contract. If a seller does not agree to make requested repairs and your contract includes a termination option, you have the right to terminate the contract prior to the option period’s expiration.
Myth: A seller has to accept my full-price (or above full-price) offer. Truth:A seller is not bound to accept any offer, even at full price or above. A seller may choose to accept an offer because of other favorable terms, such as an earlier closing date.
Your Texas REALTOR® can help clear up confusion when it comes to buying a home.
SOURCE: NAR website
Author:Chip Franks Phone: 254-291-1337 Dated: August 1st 2015 Views: 425 About Chip: The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General!
Ron "Chip" Frank...
My last post covered the benefits of hiring a realtor. By now, yo
"I love the service my family and I received at The Real Estate Market Place, We were recommended by the Dave Ramsey program. Our Realtor took a lot of time with us and was very patient to go through every option with us. We felt they were always keeping our best interest in mind. He was always friendly and honest. We could have bought a far more expensive house but he encouraged us to make a wise finical decision that would not overwhelm us. We had a wonderful experience!