The purchase price is a prime consideration when buying a house, condo or commercial property.  But the purchase price is only a part of the total value offered by the seller and this could pose some transaction problems in the end.

Here is a list of important factors that could affect the overall price of a property for sale.

1. The purchase price is the amount stated by the buyer.  But it is not only the purchase price that should be considered, there is also the net proceeds of the sellers.
2. The closing should not be before the preferred date because the seller would have to move out and store everything until they could move into a new home.  A later closing date than the seller’s preferred date may leave the seller with two homes and two mortgages to pay.  Either way, this will cause a lot of money so the closing date should be negotiated properly by both parties.
3. Appliances, heating systems, draperies, antique light fixtures, accessories and vintage furnishings can also add up to the overall price of the property.
4. If the purchase price is above market value, the mortgage may not be approved.  A full price offer with terms and conditions that are harder to meet may hold less value than an under –list price offer with no conditions.
5. The buyer and seller should be sincere in their intentions to buy or sell their property.  Both parties could bail out so they should negotiate that the purchase price will not change in spite of market shifts or other unforeseen events.