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Beyond Management Coaching: When Things Are Getting Out of Control
Leaders and Managers often ask us, ‘What do you do when you have tried to coach and counsel an employee about a performance concern, and the employee has not responded? Unfortunately, we see far too many cases where the leader hasn’t, in good...
Debt Consolidation and Online Debt Consolidation
Online debt consolidation information is available through many Internet sources that specialize in assisting many American households in managing or eliminating their outstanding debt. The debt load of the typical American household is upwards of...
Debt Management in the UK
Debt management, as defined in the UK, is a course of action
where a reduction in repayment amount and/ or interest charges
is negotiated with unsecured creditors, when you are no longer
able to meet your repayment requirements.
For some...
How To Improve Your Negotiating Skills
Negotiation will be an important area for every homebased business owner, especially in lease purchasing. Whether you're dealing with suppliers, employees, or prospective clients, you're negotiating. The following tips will help you to negotiate...
Shopping For A Car? Don’t Get Taken For A Ride!
Imagine this ... You're ready to buy a new car. You've done your research on the web at a site like Edmunds.com so you know what the dealer has paid for the model you want. Based on your information you've established your comfort zone for price...
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How Do You Wiggle Out Of A Real Estate Deal?
Experienced real estate investors know that you make your deal
when you buy. If you pay too much or have not done your due
diligence research, that's tough, because you're stuck with the
deal after the close.
A buyer still has some wiggle room during the time the deal is
under contract. There are a few time worn "weasel" clauses used
by some investors. They will read something like, "Purchase is
contingent upon approval of buyer's attorney." Or a more
legitimate clause would be, "Purchase is contingent upon a home
inspection report submitted by a licensed home inspector and
approved by the buyer before the close. Inspection to be paid
for by the buyer."
To be safe you want to be the one who pays the home inspector,
so the inspector has no doubt about whom he/she is working for.
If the inspection indicates a need for substantial repairs the
buyer can reopen negotiations with the seller. If they can't
come to an agreement the buyer can simply disapprove of the
inspection report and there is no deal.
Of course, there are many other things that could legitimately
void a deal. How do you officially cancel a deal?
Something like
the following statement could be submitted to the escrow officer:
1. The undersigned party hereby instructs Escrow Agent that
Escrow Number ___________ hereby is canceled as a result of a
Material Breach by the __________(buyer or seller).
2. The Material Breach is defined in lines ___________________
of the purchase agreement as follows:
_________________________________________________________________
___.
3. The Earnest Money is to be disbursed as follows:
________________________________.
4. The undersigned hereby affirms that I am not in breach under
the terms of the purchase agreement.
____________________________ (Buyer's Signature)
The contracting of any deal is important and it must be
carefully considered and executed. Experienced real estate
agents may be capable of doing it, but it is always wise to at
least have contracts reviewed by an attorney who specializes in
real estate. They are "wiggle room" experts.
About the author:
Mark Walters mentors real estate investors with free videos at
http://www.CashFlowInstitute.com
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| Negotiation Articles |
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| PON Clearinghouse |
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| :: Negotiations Affairs Department :: |
| Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
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