Search for Homes
So you have your criteria set and communicated to your Realtor, you have a preapproval and a clear picture of what your payment will be. Then we look for homes! I would suggest looking at 2 homes the first time you go out looking. Never see more than 6 homes at a time. They will all mesh together and you will start forgetting what the positives and negatives of each home were. During the summer, it is very easy to see the homes in the daylight hours, but during the lovely Minnesota winters, that can be tough. I highly suggest you try and visit the homes in the daylight. You will get a much better feel for the curb appeal, the immediate neighborhood, the exterior of the home (roof, siding, landscaping) and you will have a better idea of how much light is available in the home. Wear your slip-ons, it will make your life easier going in and out of homes. If you are looking at hobby farms, bring a pair of boots to get a good look at the acreage and the area. If you are looking in the winter, don’t forget the snow boots! In today’s market where there are a great percentage of foreclosed and vacant homes, you don’t want to jump through a foot of snow in slip-ons.
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A counter offer is what happens when the terms presented in a purchase agreement of a home are not acceptable to a party involved. Home buyers or home sellers can initiate a counter offer in the negotiation stages of a home sale. Since it is traditionally the buyers that write an offer to purchase to be presented to the sellers, the sellers are usually the first to make a counter offer back to the buyers. When a seller receives a purchase agreement or offer to purchase their home, the seller has 3 choices. The sellers can reject the offer to purchase, accept the offer as is, or counter offer. The counter offer changes or adjusts certain terms of the purchase agreement offer. It can include the sales price, the closing date, the amount of earnest money, the personal property that the buyers want included in the sale, or any other points within the purchase agreement offer.
When the buyer receives a counter offer from the sellers, they then have the same 3 choices. The buyers can accept the counter offer with the new terms of the purchase agreement, reject it and terminate any further negotiations, or counter offer back to the sellers.
The counter offer is a tool used to further negotiations in the hopes of the two sides coming to an agreement acceptible to both parties. Counter offers should be in writing and accompany the final purchase agreement throughout the sales process. Counter offers are a very common part of the process and more transactions than not have counter offers that have been negotiated to come to the final sales agreement.
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