6 Negotiating Tips When Buying A South Tampa Home
6 Negotiating Tips When Buying A South Tampa Home
The next step when you’ve found the home you wish to buy is to write a purchase offer. Your agent will write up a purchase contract with the price you are willing to pay and will give this to the listing agent. Negotiate your way into an offer that the seller will accept. Sellers of will often be willing to negotiate. Follow these 6 tips in the negotiating process:
1. Gather information on the seller’s motivation for selling. Know if they are in a hurry to leave the property. They might be very discreet as to why they are selling but their response to your initial offer will give you a hint. If the seller does not want to go lower than the listing price, this may mean he is not in a hurry to sell. If he accepts a counter offer that is higher than what you offered but lower than the listing price, he might be in a hurry to move.
2. Avoid showing eagerness to buy the home. You can show enthusiasm if there are multiple offers to the home you’re trying to buy. When you know that you’re the only offer, show that you are qualified to buy the home and are ready to walk away if you can’t get the best deal.
3. Do not insult the seller by making a very low offer. Ask for help from your agent find out if the home is priced fairly. If it is, make an offer just slightly lower than the listing price. You may offer lower if the property has been on the market for a long time or if it is overpriced.
4. Be firm and do not get emotionally swayed into buying a home that is priced more than you can afford. If you’ve chosen a good and sincere agent, you will not be forced into buying a home that does not fit your budget. Know the figures and the real values of so that you can defend your offer.
5. Offer creative ways for getting a great deal if the owner does not want to go lower than the asking price. Try to talk the seller into paying for repairs and contributing to closing costs.
6. Set a deadline for your offer to show that you are serious about buying and avoid giving time for other buyers to make an offer. Make the sellers know that you have other options and are willing to walk away if they don’t decide soon to accept your offer.
Before you start haggling the price, make sure you have reviewed the facts and figures of real estate in the area. Homes are often sold lower than the listing price so always try to negotiate. Do not be disheartened when you can’t get the price you want on the first choice of the home you want to buy. There are other properties that will fit your criteria, and most importantly, your budget!
Comments