In the real estate market, buyers and sellers are both customers of a real estate agent. So, in a way, no one is really in a desperate position, except the agent. In Cape Cod real estate, it is a similar story. A Cape Cod real estate agent has to deal with both buyers and sellers. Although, sometimes, buyers make a couple of mistakes that put sellers off and a perfectly fine deal goes down the drain. Here are the kind of buyers that scare off the seller:
1. You aren't pre-approved for a home loan Try not to try and consider looking for Cape Cod home for sale in Cape Cod real estate with the confirmation of a loan. Pre-qualification doesn't cut it. Basically, sellers wouldn't confer until the point that they know you have the cash to pay up. 2. An excessive number of contingencies The worst contingency is a buyer who makes the deal depends upon the sale of his present home. Most sellers need to settle the negotiations as quickly as possible, and would prefer not to hold up for a buyer to complete his own home deal, says an experienced Cape Cod real estate agent. If a buyer has put his Cape Cod home for sale and is also looking to buy another house in Cape Cod, he can get in touch with special Cape Cod real estate agents who provide this service. This will ensure there is no discomfort to the seller also.
3. Several home repair demands Chances are, you saw things in the home you'd want to get settled before you move in—and this rundown may increase once a home inspector calls attention to more issues. Unless you're buying a brand new Cape Cod home for sale, it's unrealistic to anticipate that sellers will settle everything. Keep your list of things to get done to a minimum, buy the house, and after that make it your own. 4. Warnings about your financial status This goes (almost) without saying: Making an extremely lowball offer is going to scare a seller off faster than a ghost flies. But so do other moves that suggest you're tight on cash, like offering a low down payment, making a low earnest money deposit, or asking the seller to pay closing cost credits. To prevent this, many sellers explicitly instruct the Cape Cod real estate agent to get buyers who will pay over a certain bare minimum.
5. Solicitations for personal things from the house Sure, you might love that painting in the foyer, or an antique armoire that fits the living room just right. But if you want to play it safe, don't ask for odd personal items from the house—at the very least, wait until your offer is accepted and ways along before you ask. This often puts on the sellers when the buyer tries to get more in the same price. Moreover, the sellers may not be willing to part with their personal items to which they may sentimental value.