The seller determines which he sells his home in consultation with his Realtor. The buyer can negotiate the price, but the seller decides. This applies to all goods which the seller considers important to decide whether his home to this buyer. If the seller and buyer agree about these matters, there is a buy.
Sometimes the seller and buyer a number of less important matters, "movable property" for example, only to negotiate when they talk about the principal issues. In such a case, the court may provide that if the parties can not agree side issues, now they are on their own sometimes indicated as the principal, must continue to negotiate until a reasonable result is achieved on the side issues.
"buyer's costs" (kk) means that the buyer pays the costs of the transfer of the property accounts for. The "buyers costs" is about 10% of the purchase price. Among th e buyers costs include the following costs:
- Transfer Tax;
- Notary fees for drafting the deed of transfer;
- Land Registry Fees for registration deed of transfer.
In addition to these costs, the buyer must also take account of:
- Notary fees for drafting the mortgage;
- Land Registry Fees for mortgage registration.
The costs are not the buyer brokerage fees. If a seller is an estate agent to sell his / her property then the seller will have to pay costs of this agent. If the buyer is an estate agent for the purchase of a property, the buyer will pay the costs of this agency must pay.
An option in the legal sense gives one party a choice by a unilateral declaration of a purchase agreement with another party to close. The parties have agreed on the condition of the sale, but the buyer gets such a week to think.
When buying a new house is such an option is common. When purchasing an existing home is often erroneously the term 'option' is used. Then it has the meaning of certain commitments that selling broker can do to an interested buyer during the negotiation. Such a commitment might mean that an interested buyer for a few days to think about getting a bid. The broker will in the meantime try not to another party to enter into negotiations. The interested buyer can use this time to a better understanding of mean funding or uses of the property.
An option can not demand, the seller and selling broker to decide whether a given negotiation commitments.