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FOR SELLERS
- Buyer's must be attracted by gaining their attention as to the
amenities provided by property relative to its value
- In the present market all available tools must be used to
accomlish the task
- The tools to be used are determined by a careful evaluation of
the property involved including its condition, its financing,
motivation for sale, time to sale and net amount desired by the
seller
- Comparable properties are used to determine a potential
saleable price within an agreeable time period using conventional
marketing
- The actual saleable price will only be determined at the point
of sale when the buyer and seller agree to the terms and
conditions of sale
- Recognize that another tool is available to determine market
price and that is 'open competitive bidding' details of which
follow
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FOR BUYERS
- Helping buyers determine what they can afford
- Locating suitable properties and previewing them
- Verifying the properties’ condition, including possible
inspections by experts, and its value
- Verifying property taxes and utilities
- Advising clients on structuring an offer and presenting
it
to the sellers’ representative
- Negotiating favorable contract terms for the buyer
- Explaining legal documents needed for closing
and helping
secure them
- Assisting in securing financing
- Analyzing the future saleability of the property
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