Both buyers and sellers have an emotional stake in their property. Sellers are having a hard time parting themselves from the memories their home holds, while buyers can get attached to a property quickly. Just one aspect of a home, such as a wrap-around porch or picket fence can immediately make a buyer want to purchase a home.
Both buyers and sellers want to get the most value for their money. Buyers want to get a house for as little money as possible, while sellers want to get the most money they can for a property. Both are relying heavily on their real estate brokers to help them get the best value.
In negotiations, neither side wants to pay closing costs. However, a home-seller can use this to their advantage by not lowering the price of a home, but offering to pay the closing costs. This way the buyer will think they won the battle, but in reality both sides are winning.
By having a better understanding of both sides of the home buying/selling process, it will help you be a more knowledgeable participant. So, whether you are looking for Wilmington, NC new homes or looking to sell your Wilmington, NC home, you know what to expect.
Looking for a real estate agent to help you through the process? Contact Alpha Mortgage today for a referral to a great local Realtor®!