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Negotiating The Contract
June 26, 2003
Your Real Estate Professional writes a contract to purchase real estate for you. What can you negotiate? Well, almost anything.
You'll present an offer, through your agent, and the seller can accept it, reject it, or make a counteroffer. Price is negotiable, as is your earnest money and or closing date. You can request that window dressing, porch swings, fireplace doors, and certain appliances (washer/dryer/refrigerator) stay with the house. You can negotiate contingencies such as "contract is subject to the buyer obtaining a satisfactory house inspection." Negotiations may go back and forth, but once the seller accepts your offer, you have a legally binding contract. Contact me, your Real Estate Professional for more information.
The above article appeared in the Skokie and Lincolnwood Review
on June 26, 2003.
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