Boston Dont Let It Fall Through
HOME SALES RENTALS BUYERS SELLERS ABOUT CONTACT


  Rental Properties
    Studios
    1 Bedroom
    2 Bedroom
    3+ Bedroom
  Neighborhoods
    Boston: Back Bay
    Boston: Beacon Hill
    Boston: Fenway
    Boston: Mission Hill
    Boston: North End
    Boston: South End
    Boston: Waterfront
  Website Features
    Advanced Home Search
    Featured Listings
    Home Buyers
    Home Sellers
    Free Guides and Reports
    Boston Area Relocation
    Real Estate Tools
    Home Valuation
    Financial Center
    Today's Rates
    Real Estate Blog




Dont Let It Fall Through in Boston, MA


Boston Homepage: Real Estate Homepage





RELATED ARTICLES

  • Dont Let It Fall Through
  • Closing a Home


  • Also..
  • Buying Articles
  • Selling Articles
  • All Real Estate Articles

  • The following represents the most common reasons why deals fall through

    Moving too fast.
    It can be tempting to push negotiations through quickly, especially if you need to sell for financial or relocation reasons, or if the market is fast (if there are many buyers but few listings). Take the time to read offers carefully. If a buyer makes a low offer because the house needs repairs, make sure the buyer's estimate of the cost of those repairs is accurate. It may be better to make the repairs yourself before selling, rather than accept a big price cut.

    Letting emotions rule.
    Remember that the house you are selling is a commodity. Don't take offense at comments about the landscaping or decor, especially when the buyer makes a lower offer based on those factors. If the market is not in your favor, you may have to offer a decorating allowance or accept a lower price. If you're in a seller's market, counter with a full-price offer. In any case, don't avoid dealing with a buyer who has insulted you.

    Reluctance to counter.
    Countering an offer is a time-honored tradition in real estate. Countering means that you come back at the buyer with a different price or different terms. Remember that negotiating to sell a house is a give-and-take process. If you fail to counter offers, you may end up accepting a lower price for your home. Make all counteroffers in writing to avoid misunderstandings.

    Bad-faith bargaining.
    This means that one or both parties is not bargaining seriously or with the intention of actually completing the transaction. Bad-faith bargaining not only can result in a failed sale but also possible legal action. If you aren't serious about selling your propertythat is, you won't accept anything but an overpriced offeryou probably shouldn't be in the market. If you're a serious seller, watch out for the bad-faith buyer who will waste your time by making unacceptably low offers or engaging in endless negotiations. Even worse are bad-faith buyers who misrepresent their ability to purchase your home and take you off the market for several weeks before their failure to secure financing nullifies the contract. If you have any qualms about a buyer's means, ask for a pre-approval letter from a lender.

    [ ..More About Boston Dont Let It Fall Through ]




    Home | Free Reports | Free Forms | Financing | About | Local Info | Search | Partners | Login | Contact | Tools | Relocation

    Equal Housing Opportunity - Boston Real Estate ©2008 All Rights Reserved - Privacy Statement