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North Carolina Real estate for sale Article Summaries

How to Build a Real Estate Investing Power Team
By: Adem Hamidovic
: As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this... local paper offers a deal on weekend real estate listings, so I placed an advertisement in the paper that read:"Fixer-u...

Real Estate Buyers Beware: Get Representation... You Need Representation
By: Elaine VonCannon
: It is the buyer’s right to seek an agent, and it is in their best interest to do so. For Sale by OwnerWhen a potential... Capital in Williamsburg, Virginia, and she manages investment property as part of her business. Elaine is also an Accre...

Working With Your Real Estate Attorney
By: W. Troy Swezey
: Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before s... candidate, including all legal costs you will incur. The attorney’s duty in any real estate transaction is to provide l...

Dealing With Dual Real Estate Agents
By: Jakob Jelling
: Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one ... and sellers honestly, equally, and fairly. Dual agents can be prevented from divulging confidential information about e...

Naples and Southwest Florida Real Estate Is Hot!
By: Scott Berry
: There has never been a better time to Invest in Naples and Southwest Florida Real Estate!Collier County is ranked numb... target=new>http://www.napleselite.com Scott Berry is a Seasoned Real Estate Professional In Southwest Florida, an...


Featured Article

Negotiating real estate deals to win-win

Charles Warnock

If you’ve spent some time on homekeys.net, you probably noticed we generally don’t carry a torch for tradition or conventional wisdom. Having said that, the well-worn cliché above still holds true, especially in real estate transactions.

Many buyers and sellers put in countless hours carefully searching properties or preparing their homes for sale, only to see their sweet deals vanish at the negotiating table. Even if you’re not an experienced negotiator, there are steps you can take to improve results whether you’re buying or selling property. Negotiation doesn’t need to be a confrontational process if you set priorities, plan ahead and stay focused on issues, not personalities.

By far the largest expense related to traditional real estate transactions is the agent/brokers' commission, and independent buyers and sellers should take advantage of this fact. Without the “overhead” of a 5-6 percent commission, both buyer and seller have a little more flexibility to come to an agreement that’s acceptable to both parties. Here are some negotiation tips for independent buyers and sellers.

Seller negotiating tips:

Set realistic priorities before you start.

When selling, be sure to outline realistic goals before negotiations begin. If you’ve decided that you need to sell your home for at least $250,000, expect to have very different negotiations than if your goal is to sell within 30 days. If money is your primary concern, be prepared to turn down some offers as you wait for the right buyer. If time is more important to you than money, be sure to include some flexibility in your asking price.

Ultimately, the market sets the price.

Set your price too high and your house may sit on the market, becoming less attractive to buyers (some sources estimate a monthly decline of 1.5 percent). Price too low and you’ve got less room to negotiate and may be leaving money on the table. Homekeys.net Subscribers can quickly obtain an objective estimate of property value using our online valuation tool before listing. Another option is to hire a professional property appraiser prior to listing. You may find the cost of either option to be modest compared to making an expensive mistake in your selling price.

Take inventory and take advantage.

Typically, property sales include anything that’s installed or built in to the home. If you’ve got appliances, furniture or fixtures you’re willing to part with, you may be able to entice prospective buyers by including them in the deal. Would buyers be interested in your BBQ grill or pool equipment? It can’t hurt to ask.

Buyer negotiating tips:

Clean up your credit

A great way to strengthen your case as a buyer is to demonstrate excellent credit. The time to check credit is well before negotiations begin so you can square away problems. Many credit issues are not difficult to fix and can be straightened out fairly quickly. Here’s how to check your credit.

Get pre-approved, not just pre-qualified

Pre-approval is another way to flex your buyer muscles because it lets you demonstrate to a prospective seller that your lender is prepared to give you a loan. Many sellers will choose a lower offer from a pre-approved buyer over a higher one from one who hasn’t been pre-approved. Pre-approval is free and can prevent that worst-of-all situation where a buyer successfully negotiates the purchase of his or her dream home and then cannot complete the purchase when financing falls through. Get pre-approved today.

Look for areas other than price.

Even though independent sellers can avoid some or all commission costs, there are still other fees that might apply: property and termite inspections, escrow or attorney's fees, a title search, insurance costs and applicable taxes. Even if sellers don’t offer much flexibility on asking price, they may be more willing to make a deal with buyers who offer to share the costs of necessary repairs or transaction expenses.

Be prepared to compromise.

Approaching negotiations with a confrontational “win-at-all-costs” attitude is unlikely to yield positive results. Many professionals who teach negotiation skills to executives say a more realistic goal is to find a mutually beneficial solution in which both parties can “win.” This means being aware that you may have to sacrifice something to reach agreement at some point. In this case, be sure to identify in advance what you will and will not give up to ensure you’re happy with the deal in the long term.

Back up your offer

When offering to buy a property, you don’t have to explain how you arrived at a particular dollar amount. But you may fare better in negotiations if you have some objective basis, such as examining comparable sales. If you're a Subscriber, try Homekeys' ValueKey valuation tool for an objective estimate of value. If you’ve got a substantial down payment that you’re ready to put into escrow, now’s the time to mention it.

All participants in a negotiation should be prepared to walk away from unacceptable terms. You may be reluctant to give up after all the time you’ve invested in the buying or selling process, but emotionally tense negotiations can sometimes benefit from a cooling-off period. Walking away (or watching the other party walk away) may be uncomfortable, but it is always preferable to accepting terms you can’t live with.

Finally, remember that there’s often value in being direct. Don’t be afraid to ask questions to learn more about the other person’s concerns and objectives. “What do you need from me right now?” “What’s making you uncomfortable?” “It seems we are stuck on this particular issue. Can we set it aside for a moment and see if there is somewhere else we can gain agreement?” Questions like these can help signal your good faith and may help to restart negotiations that become bogged down in details.


About the Author

Charles Warnock is Marketing Communications Manager at Homekeys, a South-Florida based real estate and technology company. He writes often on real estate, finance, interactive marketing and business development.
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North Carolina Real estate for sale Resources
Check below for additional North Carolina Real estate for sale Links and Information

Franklin County North Carolina Land for Sale
north carolina real estate for sale. franklin county land for sale near louisburg and rolesville. Great hunting; timberland investment and development potential.

Winterville; North Carolina Real Estate
Winterville; North Carolina Real Estate. Homes and Community directory from Relocate-America.com; nationwide homes and community directory features important resources for relocating throughout the U.S.

North Carolina vacation homes for sale by owner
PPBO offers vacation homes for sale by owner in North Carolina.

North Carolina homes and North Carolina real estate for sale - CUTLER/GMAC Real Estate
From Open Houses to Sold Homes. We've been the leading real estate office in the Akron/Canton; Ohio area. We are Real People Providing Exceptional Service.

North Carolina real estate for sale by Bryant Brantley
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RE/MAX Whatcom County Inc. - North Carolina homes and North Carolina real estate for sale
Residential Listings. Open Houses. New Homes. Renowned Homes. New Listings. Lots & Land. Multi-Family. Commercial. Search by MLS# My Portfolio. Contact Us. About Us. Agents and Offices. Our Services. Our Communities. Careers. Relocation. Contact Us. Web Services. Our Communities

North Carolina homes and North Carolina real estate for sale
Cities with listings for sale in North Carolina: At the Realty Executives web site you can search and browse homes for sale in North Carolina. View counties with homes for sale in NC. Apex; NC; Wake County; homes and real estate for sale

North Carolina Real Estate for Sale; Buy; Sell; Rent @ Adpost.com Classifieds - North Carolina - North Carolina Real...
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Westdale Co. - North Carolina homes and North Carolina real estate for sale
Westdale Real Estate site shows all our listings in Michigan. You can search for specific criteria and locate an agent to help you with your real estate needs.

Vance County; NC Land and Farm House for Sale
north carolina real estate for sale. vance county land and farm house for sale. Historic home ready for restoration on farmland.

North Carolina real estate for sale by Bryant Brantley
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North Carolina real estate for sale by Bryant Brantley
Call Today! 336-368-9990. Displaying 41 to 47 of 37. Results Page: 1 2 3 4 of 4

North Carolina real estate for sale by Bryant Brantley
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John Kelly Realty - Charlotte; North Carolina
Serving as one of Charlotte; North Carolina's uptown and prestigious neighborhood specialists; the realtors and agents at John Kelly Realty provide residential and commercial real estate services.

North Carolina Real Estate for sale
Advertise Real Estate for sale or rent up to 2 lines of text absolutely FREE. Or we will host a page for you with a color photo for as little as $15.00

Western North Carolina Real Estate; North Carolina Real Estate for Sale; North Carolina Luxury Real Estate
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