Best ways to negotiate asking price???

[CJ Moulton]

Hey Everyone,

I recently got some advice where they said to allow your realtor to handle negotiations for the asking price of a property. However, I do not have a specific realtor in my phonebook. With that being said, I usually see a property listing and try to contact the realtor that listed it, but I don't want to assume every realtor is willing and able to negotiate the asking price of a property.

What are some ways to negotiate the asking price of a property down when either speaking to the seller or the realtor?

[Ryan Muska]

If you are a cash buyer there is typically more power you will have in the negotiations. 

Also, once you get your offer accepted and get an Inspection and Appraisal done, you can negotiate terms based off the two. Lower price in the case of a lower appraisal or work to be done by the sellers in the case of inspection issues. 

Aside from that, making low-ball offers to the sellers will sometimes stick. You just have to do it enough times and success will eventually happen.