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Negotiating the price of your new High Desert home |
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When negotiating the price of your new High Desert home, keep in mind, it is only one aspect of the real estate transaction.
Items such as financing clauses, home inspections, closing costs, appliances, and home warranties also can be negotiated. Working with a trusted REALTOR® can help ensure all parties are satisfied with the end result of the negotiation process.
Many real estate sales contracts include a financing contingency enabling the transaction to be cancelled if the buyer cannot secure financing. Financing contingencies generally are two parts: 1) the buyer has a set number of days to remove the contingency, and 2) the mortgage rate will be no more than a certain percentage. While including a financing contingency is common, sellers should ensure the buyer applies for a mortgage right away so that if he/she cannot qualify, the house can be put back on the market without too much lost time.
For More Information See Contingencies in Real Estate Contracts
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