Team Annett

If your home has been on the market for months (three to six) and the price was already reduced, you are probably beginning to wonder how much lower you can go. A potential buyer may come along and present a low-ball offer, which can be 10 percent or more below the list price and involves some sort of strategic negotiations. Before slamming the door on such an offer, review these helpful tips from Team Annett:

read more »

Sellers who get more than one offer should be aware that the highest offer isn’t necessarily the best offer, say experienced practitioners.

read more »

There are several things you will need to consider when writing an offer to purchase a home:

read more »

Contract negotiation in real estate can last for several days while all the items written in the offer are assessed and discussed. The seller will accept, reject or counter your initial offer. It is always important to expect that the seller may not accept your initial offer and ask for some concessions to be made in their favor. On the other hand, it is not uncommon for a seller to accept a first offer as long as it is reasonable and realistically thought out. Your real estate agent will negotiate all items on your behalf. However, no decisions or concessions will be made without authorization from you.

read more »

In Cincinnati, Ohio the inspection period is typically the first 10 days after acceptance of the contract. This time frame – as with just about anything else in the contract can be negotiated as part of the offer. The contract states that it is the buyer’s responsibility to inspect *everything* about the property. This isn’t just the condition of the property. Your inspections should include the schools, HOA, utilities, square footage, services, crime statistics and anything else that could affect your decision to purchase the property. Per the contract the seller should provide the buyer with two forms:

read more »