Real estate transactions lawyers in Toronto can make the difference between making a good deal or a poor one. Buying and selling real estate can become an extremely involved process that requires patience and experience. At Atlas Law Group, we pride ourselves on making real estate transactions as smooth and easy as possible. Whenever we’re pursuing a new transaction, we try to keep a few important things in mind as we arrive at a deal. Below we discuss some of the tactics we use to make the process smooth and quick.
Make a reasonable first offer.
Your initial offer sets the precedent for further negotiations. Like any deal, it is important to show the utmost respect to the people you are doing business with and avoid conveying that you’re trying to take advantage of them. When you make your first offer, you don’t want to lowball yourself, but you don’t want to come in too strong or seem unreasonable. We look at a few factors before we arrive at an offer including comparable properties, the length of time the property has been on the market, and any previously made offers. After analyzing these essential factors, our team is able to arrive at a fair price and present it to the other side.
Navigate through other buyers.
In most cases, there will be a few different competing offers for a single property. We are experts at revising your initial offer to make it more competitive and appealing to the seller. However, revising your offer isn’t always the best option, and getting caught up in the heat of the moment can backfire. In some circumstances, it is best to walk away from a deal without the property than to overpay for one that ends up becoming way overpriced. We can accurately make an assessment throughout the negotiation process to make sure that you arrive at the best deal possible.
Effectively negotiate counteroffers.
Sometimes the seller will not bite at your initial offer. Your first offer can be countered for a number of reasons, but most commonly it is because the seller thinks its too low. It some cases, the seller will come back at you with a reasonable counteroffer so both parties can meet halfway. In this situation, the buyer has a few options: accept the offer, counter the counteroffer, or ultimately reject it and walk away. Our team specializes in reviewing and analyzing counteroffers from sellers and can assure you that our clients will always receive the best deal possible under our wing.
The finalize the deal.
Once an offer is made and accepted, our work is not done. Depending on the nature of the deal, there will be a few important areas to cover. These might include finalizing a contract, meeting the particular deadlines discussed in the offer, and negotiating any final terms to finalize the deal. At Atlas Law Group, we make sure that there is no fine print left unread and that our clients have a thorough understanding of the deal.
Are you in need of legal advice or assistance? Our talented team holds degrees and credentials from Canada, the United States, and the United Kingdom. Combined with decades of experience, our team of lawyers, consultants, and business professionals are ready to tackle any case that comes our way. Please reach out to us today to learn more!