No. The costs for the buyer are costs that the Government charges for the transfer of a property. That is the transfer tax (7%) and the cost of the notary to format the deed and the registration. If the seller hires a real estate agent to sell his home, then he must also pay the broker checkout for this service (agency fee of 5%). Renaissance Realty shall submit to the sales especially the importance of the seller, not that of the buyer. It may therefore be likewise for the buyer to hire a private broker.
If I am the first who calls for a viewing, if I am the first viewer of the property or if I am the first to place a bid, does the Agency have to negotiate with me in these cases?
The answer to these three questions the answer is no. The selling broker(Renaissance Realty) determines the sales procedure together with the seller. The selling broker(Renaissance Realty) does have the obligation to inform you. It is a good idea if you are seriously interested to broker to ask what your position is. That may prevent many disappointments. If the broker(Renaissance Realty) commits to you, we're obliged to fulfill that promise.
An option gives the choice to a party in a legal sense by a unilateral declaration to conclude a sales contract with another party. The parties already agreed on the terms of the sale, but the buyer could get another week cooling-off period for example. When you purchase an existing home the term "option" is often wrongfully used. Then it has the meaning of certain commitments which a selling broker, Renaissance Realty, can make to an interested buyer. Such a commitment, for example, can mean that an interested buyer gets a few days gets to think about a bid. The broker will not to go into negotiations with another party in the meantime. An interested buyer can use this time to understand its financing better or the possibilities of the property. You can't demand an option; the seller and Renaissance Realty decide whether a negotiation process certain commitments.
Sellers determine for which he sells his home in consultation with Renaissance Realty. The buyer can negotiate the price, but the seller decides. This applies to all matters that are important to the seller to decide whether he would like to sell his home to this buyer. If seller and buyer agree on these matters, there is a sale. Sometimes the seller and buyer's decisions about some less important matters – for example, movable property –will wait until they agree on the essentials.
Dat mag. Eén van de partijen mag de onderhandeling beëindigen. Soms zijn er zoveel belangstellenden die de vraagprijs bieden of benaderen, dat het moeilijk is te bepalen wie de beste koper is. In dat geval kan de verkopende makelaar – natuurlijk in overleg met de verkoper – besluiten de lopende onderhandeling af te breken en de biedprocedure te wijzigen. Uiteraard dient hij eerst de eventuele gedane toezeggingen na te komen. De makelaar kiest vervolgens bijvoorbeeld voor een inschrijvingsprocedure. Alle bieders hebben dan een gelijke kans om een hoogste bod uit te brengen.
Many misconceptions exist about this question. The asking price of a property is a solicitation of bids. If you bid the asking price from an ad, the seller can then decide whether he accepts your bid or not or that he'll ask Renaissance Realty to make you a counter offer.
If seller and buyer agree on the most important issues (that are usually the price, the delivery date and the Resolutive conditions), then there is a sale. Renaissance Realty will demand a writing in a deed of sale. This should sum up what parties orally agreed upon. Usually, there are a number of agreements stipulated in the deed. For example, the penalty clause. Such additional agreements shall only be valid once the deed is signed by both parties or verbally agreed. A Resolutive condition is an important subject. Should the parties agree before the oral sale. Please note that as a buyer you will not automatically get a Resolutive condition for funding. The moment you place your bid you must report that this "subject to financing".
The answer is Yes. If the asking price is only an invitation to make an offer (as described under "Do I become a buyer if I bid the asking price?"), then the seller can also decide to reduce or increase the asking price. During a negotiation parties often do over and over again bids. If the seller makes a counter-offer, the buyer to accept the purchase completed by this. Vice versa you can do that, too. If the potential buyer makes a counter-offer that is different from the bid that Renaissance Realty has done, the earlier bid of the Renaissance Realty could be declared invalid. So, even if the parties "to come together" ' in the bidding, the seller may suddenly decide to yet again to increase and counter offer the buyer to his bid to reduce again.
That is allowed. A negotiation doesn't have to mean that there's a sale. The seller may also may like to know if there is more interest. The first bidder does not have to be the best. That is why the viewings may continue. Often, Renaissance Realty will mention to interested parties that we are, as it is called, "under offer". An interested party may place a bid, but will not have an answer until the negotiation with the first interested party ends. Renaissance Realty will not make announcements about the level of bids. This would provoke overpricing.
You can not enforce negotiations. You're only in negotiations if the seller responds to your bid. So: If the seller makes a counter-offer. Renaissance Realty can also explicitly indicate that she is negotiating with you. You are not in negotiations if Renaissance Realty indicates that she will submit your bid to the seller.