Whether you’re moving or flipping a remodeled property, selling a home is a great way to cash in on an investment. However, the paperwork can make the transaction confusing, which is why Justyna Johnson – Edina Realty in Woodbury, MN, stresses the importance of understanding buyer’s and seller’s rights. Being familiar with them will ensure you get the most out of the deal and can finalize transactions with confidence.

Buyer’s Rights

Buying a home is exciting, but there are processes you have to follow. Once you’ve pitched an offer and signed a contract, you’re legally required to move forward with purchasing the home. You’ll need to provide proof of financing, and the only way adjustments can be made is if you discover undisclosed issues with the property. You also have to adhere to any homeowner’s association fees and honor deals with the current homeowners regarding repairs, repainting, and other small remodeling projects.

Seller’s Rights

As a seller, your primary goal is to sell for the highest price. Most real estate transactions involve negotiating, and it can feel like a better offer is always around the corner. It’s important to understand your obligations to buyers, though. When you accept an offer and sign a contract, you’re committed to that buyer. However, you can continue speaking with other prospective buyers and legally designate them as backup buyers should you have problems with the current one, such as their financing falling through.

Another important aspect of selling is being transparent. You’re legally obligated to point out any standing issues with the home and to provide paperwork that illustrates recent inspections and proof of city permits if applicable. You also have to accommodate any inspections the buyer wants. If they discover you’ve lied about something, they can back out of the contract. To avoid any mistakes, work with a real estate agent to create your listing. This will ensure buyers are getting honest and complete information.

If you’re planning on selling a home, turn to Justyna Johnson – Edina Realty. As a Zillow 5-Star Premium Agent with multiple industry endorsements, you can count on reliable assistance focused on landing you the best deal. Call (651) 501-2345 today to speak with Justyna, and visit her website and Facebook page to explore her listings.

If you’re prepared to sell your home, text “HOME” to (651) 501-2345 for a free, accurate TRUSTimate. Top realtor Justyna Johnson – Edina Realty is happy to offer this complimentary, obligation-free service, and you won’t have to worry about spam or sales calls in the future.