Entrepreneurial brilliance, however, would not. Dean, the oldest of five teenagers, dropped out of college and took over the reins at home. His father had a heart attack several weeks later and was hospitalized. Harrington His mother died of cancer days after he graduated from East Providence High School in 1979. Come in to see what we can offer you, and walk away a happy homeownerĪrticle "In Awe of the Man Behind 'The Rock'" published by The Providence Journal on July 31, 2022. And there is no one better than Shamrock Home Loans. If all goes well, offers get accepted and congratulations abound! Now, off to get financing. Also, a real estate attorney can help you navigate these issues if they do pertain to the home you want to buy. Natural hazards, such as being in a flood or tornado zoneĪsk your real estate agent about other disclosures.These are aspects of the house that the seller is obligated to tell the buyer before buying. The offer can address other issues too, such as disclosures. These clauses allow the buyer to back if a, for instance, home inspection uncovers structural issues. To protect the buyer from buying a lemon of a home, the offer can contain certain clauses. These seller needs to remove these liens before the buyer can get insurance and the transaction can be done and dusted.Īnother example can be in the offer itself. This can show if the house has any liens on it. There are both state and federal laws and regulations that help consumers through this territory.įor example, before a home can close, the buyer needs to do a title search. When it comes to real estate counteroffer etiquette, you definitely don’t want any bumps! Still, they happen. Better to have a financial buffer than be stretched thin.Įvery transaction has the possibility of wrinkles and bumps. Situation: What do you do if the seller counters with a price you are not pre-approved for? Either you counter with a price that is agreeable, or else you have to walk away. Hopefully, both parties can come to a quick agreement. Make sure you list anything you want in the offer or counteroffer so nothing is assumed.Ĭounteroffers can go back and forth, back and forth as often as people are willing to make changes. The seller can address any part of the offer, such as the price, closing date, or items that the buyer wants, or the seller wants to keep. That brings about real estate counteroffer etiquette. Don’t get alarmed by the potential for multiple offers – just present the best deal that you can make.Īlthough they may not be thrilled with your offer, a seller may be willing to play. There are also civil codes in each state about providing false information during a sale. They are not bound to disclose details of any other offers, but are bound by the Realtor Code of Ethics. They don’t even have to respond! To keep that waiting factor out of the equation, add an expiry date to your offer, so if the seller doesn’t respond, then at least you know the answer indirectly.Ĭan a listing agent lie about other offers that have been received?įor real estate counteroffer etiquette, then ethically, no. But a seller is allowed to reject your offer. When you have your eye on the perfect house, having your hopes dashed is not much fun. So, what can happen when a buyer presents an offer and the seller counter rejects it? Or counteroffers? Enter real estate counteroffer etiquette. When a buyer does present an offer to the seller, this lack of concrete knowledge can create interesting negotiation strategies on both ends. The buyer doesn’t know if there truly are competing offers, and the seller doesn’t know precisely about the buyer’s financial situation. Whether it is about the price offer, the closing date, or the deposit money, real estate transactions always contain confidential details.
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