When you are buying or selling a home, the listing price of the home will be agonized from its beginning to the end. If you are the one selling the home, you can create a counter offer after a buyer submits their offer to purchase the house.
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Home buying negotiations the psychology of placing a counter offer
1. Home Buying Negotiations -
The Psychology of Placing a
Counter Offer
Brought to you by www.LaJollaSanDiegoHomes.com
2. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
When you are buying or selling a home, the listing price of
the home will be agonized from its beginning to the end.
If you are the one selling the home, you can create a
counter offer after a buyer submits their offer to purchase
the house.
A typical offer states that the seller is in agreement to the
terms of the buyer.
3. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
It usually constitutes things such as the total consideration
for buying the home which is usually a higher price,
increasing the earnest deposit amount, refusals to pay for
some fees or reports, changing the possession or closing
date of the house, excluding personal property from the
contract as well as altering the contingency time frames.
It is not only the seller that can do this to the buyer.
A buyer can also be able to counter the counter offer from
the seller making it a counter-counter.
4. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
The number of counter offers that are allowed to be
submitted back and forth between the buyer and the
seller have no limit.
What may cause a counter offer to be rejected? Well, a
seller is not required to respond to a counter offer.
This does not in any way imply that the brokers might have
failed to get commission in the event that the seller
chooses not to respond to a full price and terms of the
offer.
5. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
It is more likely that the brokers will still need to be paid.
That therefore means that lack of response from the seller
does not alleviate their responsibility to the broker.
Some of the most common ways that an offer can be
rejected include:
When there is an indication at the bottom of the purchase
contract indicating that the offer has been rejected.
6. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
As a seller, you can also write "rejected" on the face of the
purchase contract together with the initial and date.
When there is an expiry date specified for the offer in the
event that the seller fails to respond.
There are situations where you can also place multiple
counter offers. In this case, you may counter more than
one offer whereby every offer is different.
7. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
Under such circumstances, if one of the buyers in your list
accepts the counter, you are not obligated to comply with
the buyer's acceptance.
What would lead to acceptance of a counter offer? In the
event that the offer is issued by the seller, if you are the
buyer you can simply accept it and then deliver it back to
whoever is supposed to receive it.
This has to be done in the right time for there are
expirations just like it is for the purchase offers.
8. Home Buying Negotiations - The Psychology
of Placing a Counter Offer
This implies that the seller can still accept a different offer
when the buyer is still in the process of making the decision
whether to sign the offer or not.
Do you need more information on buying La Jolla San
Diego Homes for sale?
Be sure to check our website
http://lajollasandiegohomes.com/ for details.
9. Home Buying Negotiations -
The Psychology of Placing a
Counter Offer
Brought to you by www.LaJollaSanDiegoHomes.com