By Relocation.com
The fun can often begin once the offer is presented to the seller for review. The offer needs to be presented to the seller and seller's agent by your agent. It needs to be in written form. It is very rare for an offer to be accepted by the seller immediately. This is in part due to the fact that it is also very rare for the asking price and terms the seller is hoping for to be met in the first offer. Thus the negotiations begin. As offers from the buyer and counteroffers from the seller continue, the back and forth process of negotiation goes on until a deal is made or the seller accepts another offer or one of the parties quits.
Negotiation skills are like fine art. It is often in the best interest of the buyer to allow the agent to conduct the negotiations based on direction from the buyer. The agent is accustomed to negotiating and serves as a buffer between the buyer and seller. It is one of the basic skills agents need to have. The buyer will often find it easier to ask the agent to make demands on the seller rather than do it himself. Negotiation is all about give and take. In a successful negotiation both parties compromise to some level and both parties come out happy.