In the world of real estate, there are rules set by organizations like the National Association of Realtors (NAR), the California Association of Realtors (CAR), as well as local city regulations and district covenants, codes, and restrictions (CC&R’s). These rules create the framework for how negotiations unfold.
When debating which rules hold more weight, consider this: “The strictest restrictions restrict you.” This means that when faced with various rules and regulations, the most stringent ones will have the greatest impact on the negotiation process.
Agreements in real estate are only binding when they are put in writing and signed by all parties involved. Transparency from the outset is crucial to avoid misunderstandings. Remaining cooperative, friendly, and clear about your objectives reduces the likelihood of negotiations turning sour.
As your representative, I understand that sellers want the highest possible price for their home, while buyers seek the best deal and savings. It’s essential for all parties to understand two key points: Firstly, a property is worth only what a buyer is willing to pay for it. Secondly, sellers are not obligated to sell to any particular buyer.
By working together patiently, respectfully, and courteously, negotiations can proceed smoothly, and the best outcome for all involved can be achieved.