What should I not tell my real estate agent?
What should I not tell my real estate agent?
3 Things Sellers Should Never Say to Real Estate Agents
- See today’s mortgage rates. Proper communication is key.
- Related: 5 Signs of a Bad Real Estate Agent. Topic #1 to avoid: Your price floor.
- Related: Is the 6% Real Estate Commission a Rip Off? Topic #2 to avoid: Personally sensitive information.
- Related: Selling a Home (What Not to Tell Your Real Estate Agent)
Should you offer below asking price?
Your offer should be no more than 25% below market value, anything less can’t even be excused by being cheeky! Sellers tend to accept offers 5-10% below market value, so you can maybe test the waters and offer 15% below market value initially.
Should you tell your realtor your bottom line?
While interviewing multiple real estate agents to find an agent to sell your home, you should never tell those agents anything you wouldn’t want the buyer to know. Imagine trying to negotiate with a buyer that already knows your bottom line and desperation to sell before he ever sets foot in your house.
Should you tell your realtor your budget?
Yes, you should tell them your budget as then only they will be able to find the best suited property for you. A realtor is going to want you to get pre-qualified for a mortgage before they start the hunt for your next home, and that is going to give them a really good idea of what your budget is.
What is a bottom line offer?
A bottom line or walk away signifies the worst possible outcome that a negotiator might accept. The bottom line is meant to act as the final barrier where a negotiation will not proceed further.
Do sellers need to bring money to closing?
You don’t need to bring much to the closing: usually just a government-issued photo ID, the keys to the property, and any outstanding documents and paperwork your attorney or escrow agent instructs you to bring. These may include documents showing you’ve completed all repairs requested by the buyer.
Who signs first at closing?
If you live where a title or escrow company agent handles closing and there are two meetings, it’s likely that the seller and the seller’s agent or attorney will sign paperwork at one meeting and the buyer, accompanied by her agent or attorney, will sign at a separate meeting.
How can I get money for closing?
There are a few ways that you can pay your cash to close. More secure forms of payment include cashier’s checks, certified checks and wire transfers. Credit, debit cards and personal checks might be accepted but aren’t recommended.
Who attends closing?
California law doesn’t require the buyer and seller to physically come together at the closing table, or ever deal with each other face to face. Buyers and sellers in California are often represented by their own real estate brokers and agents, who communicate with each other on their clients’ behalf.
What to prepare for closing?
You’ll need to bring a state-issued photo ID and all documentation related to your purchase, including proof of homeowners insurance and a copy of the purchase contract. You’ll also need to bring a cashier’s check or wire transfer to pay for outstanding escrow items or closing costs that aren’t rolled into the loan.
Can loan be denied after closing disclosure?
While it’s rare, the short answer is yes. After your loan has been deemed “clear to close,” your lender will update your credit and check your employment status one more time. Even if you left your job for another job with equal pay, your loan could still be denied, or delayed, depending on the type of loan you have.
