Real Estate Matters: 12.1.2020

PRESQUE ISLE, Maine (WAGM) -You’ve finally found what could be your perfect dream home. Now its time to make an ofer. In part 2 of a two part Real Estate Matters, Shawn Cunningham reports on the steps to do so diplomatically.

You’re so close to finalizing the purchase of your dream home, but some things remain. One of the biggest for many people is financing and finalizing the closing cost. That can be a hurdle for some people...but local realtor, Stephanie

Fields of Fields Realty LLC. says there’s always room for negotiation...

Stephanie Fields Realtor, Fields Realty LLC.

“sometimes the buyers need assistance with closing costs so they’re asking he seller to assist in the seller concession for the buyer’s closing costs for instance some closing costs stipulation are loan originating fees for the buyer title company home inspector and appraisor fees.”

Shawn Cunningham NO STANDUP

She says that negotiation happens more times than people think. The other issue related to closing costs...

“sometimes the buyer and seller agree to split the closing costs in half and it will all depend on the negotiating factor of of the contract of the pruchase and sale.”

Another issue that is critically important is planning for contingencies..

“contingencies that allow legally for the contract to be broken and and let the buyer walk away from the deal.

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Some contingencies can include..

FINANCIAL CONTINGENCY

HOME SELLING CONTINGENCY

HOME INSPECTION CONTINGENCY

AND HOME APPRAISAL CONTINGENCY

And probably the most important advice she offers is this...never fear in seeking out professional advice in the form of a realtor to help guide you through the process.

“this is a legal binding contract and you want to seek information advice on how to proceed and realtors don’t know the answer we’re gonna seek legal advice as well we wanna make sure that all the contingencies are met...”

Its money and time well spent for great peace of mind...to get you into destination your brand new home. Shawn Cunningham, NS 8.

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