October 18, 2009

Negotiations on Price

Filed under: General Facts, Legalities, Tips — Brian @ 6:01 am

As far as real estate buying is concerned, the initial price you will see is normally negotiable. Normally, the proper amount that a property seller would want depends on the mode of payment, cash or installment.

Cash Payments. This is perhaps the sweetest sound that a property seller would want to hear and that if possible, consummate the deal immediately. It is not everyday you will see buyers who will purchase property in cash so ask them to give their goodwill just to verify their sincere intentions.

Installments. For people who rely on loans or financial aid, the time element of settlement of the property amount is really the one in question. So if it takes time to fulfill, expect stiff decisions on the asking price although some would tend to bend over.

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