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To put yourself in the best negotiating position before you find the new home you want, the Echo Fine Properties Team will help you put your current home on the market.
Once you write an offer on a new home, your offer will be “contingent” on the sale of your home. A buyer in this position may not have the same negotiating power as one whose home has already sold (or at least has an accepted offer).
The Echo team will call the agent who is the listing agent for the home you have chosen and will make an appointment with the seller to present your offer.
The Echo Fine Properties Team is there to explain the details of your offer and negotiate on your behalf.
There are two resources for finding this information:
If you offer less money, the seller has three options. They can accept the lower offer, counter your offer, or reject it completely.
Remember that there could be another buyer out there who is also interested in the home you’ve chosen. If they happen to write an offer at the same time you do, the seller will have two offers to compare. There are usually many aspects of each offer to consider, but ultimately the seller will want to accept the best price and terms.
In active real estate markets, homes often sell near their listed price. In hot markets, there may be many buyers vying for the same house, which sometimes drives the final sale price above the original listing price. Jeff can help you plan your strategy, based on the current real estate market in our area.
When you write the offer on the home you’ve chosen, you will be expected to include an earnest money deposit, typically a total of 5-10% of the purchase price. The deposit is a sign of your good faith that you are seriously interested in buying the home.
The earnest money is deposited into the Escrow Account. That deposit becomes a credit to the buyer and is applied towards the purchase price.
Real estate contracts are complicated legal transactions. This is another area where having a knowledgeable and professional agent is a necessity.
Rarely does the buyer lose the earnest money. Most often, if the transaction falls apart, there are circumstances beyond the buyer’s control that cause it to happen. However, if the buyer willfully decides that they no longer want to buy the house and have no legal reason for rescinding their offer, they may lose the earnest money deposit. Specific legal questions should be taken up with a Florida real estate attorney.
There are other fees, including, but not limited to: appraisal, credit report, inspection, recording fees, and taxes, which will be debited at closing.
Thanks FOR YOUR UPDATES. We LIVE IN MARLWOOD ESTATES on Alston. Lots of tree damage. But we have working electricity. Barbara Glaser Alston...
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Jeff, I appreciate all the info and the photos that you have provided me. Should I ever need real estate services, you will be the first that...
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Dan, I love my new place. Thanks for putting everything together, I appreciate all your time. Your service was professional and reliable. I...
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With our Home ECHOnomics Guarantee of 57 promises to make sure everything that is supposed to happen, happens, you'll have the best in your corner. So let the Joy, the Beauty, the Logic and the Power of Home ECHOnomics work for you.
Echo Fine Properties, winner of Best Brokerage of the Palm Beaches in both 2020 and 2021, is located in Palm Beach Gardens, Florida. We are a family-owned local brokerage that prides itself on having the finest full time luxury real estate agents who know the area backward and forward. Each agent is hand selected to join us for their knowledge of the area including golf club communities, gated communities, equestrian and ranch estates, condominiums, and waterfront and boating estates. Echo is unique in real estate in that our company pays for all marketing, advertising, and all support which is handled in-house. WE PAY, which lets the agent concentrate on our customers. Unlike other firms, agents never have to compromise the marketing budget. Our Home ECHOnomics Guarantee offers an unheard of 57-promises. This website consists of 5 separate MLS feeds, giving 100% accuracy ranging from Miami to Fort Lauderdale to Palm Beach to Martin County.
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