Real Estate Pro Articles
   
   

Effective Home Price Negotiation Tips



[Valid RSS feed]  Category Rss Feed - http://www.realestateproarticles.com/rss.php?rss=263
By : Roby Hicks    99 or more times read
Now is a great time to purchase a house. Everything is just in favor of the buyer. There are many properties to choose from. There are great properties sold at a very low price. Additionally, financing is more affordable as the interest rates are lower. Now is also a great way to put your price negotiating skills to the test because more sellers are more open to price reduction. However, you still need to be careful. You might lose your chance of purchasing your dream house because you are pushing your luck too much.

There are ways to ensure that you get the best value for your money. Here are some negotiating tips that will surely help:

Hire a buyer’s agent:

You can purchase a house by yourself. However, an agent can make things easier for you. In addition to that, you can be certain that your interests are protected. A buyer’s agent has the responsibility to educate you with the different information, options and other helpful details that will aid you in the transaction. He is also responsible for negotiating the price of the property you wish to purchase and make it favorable to you.

Prequalify:

It is important that you prequalify first before you start looking for a house to purchase. This is an essential preparatory step to buying a home. If you can present a pre-qualification letter, the sellers will take you more seriously. If you do not have it, they will think that you are just looking around.

Be realistic with your offer:

Study the market before you make an offer. Your agent will help you with this. He can gather data that will help you decide. Use comparable properties. Refer to the properties that were sold in the neighborhood. Compare the asking price and the selling price. You can base the offer you will make from here. You can make lower offers because we are in a buyer’s market. However, be careful not to get too low because the seller might dismiss you as a potential buyer.

Prepare to make a counter offer:

Sellers will want a good value for the property, which is why you need to have a counter offer ready until you can agree to a certain amount. However, you should remember that there are many properties in the market. If the seller is asking too much, walk away.

Do not get too attached with the property so easily:

Do not show the seller that you love the property. Assess it as you would any property. Take some photos and write the features you like and dislike. Compare it with the other property you have checked. You can do it aloud. This will give the seller an idea that you are not that into the property. This would make it easier to negotiate the price.

Know the motivation of the seller:

It is very important to know why the seller is selling the property. Maybe he is in a hurry to move. He has probably left the property and need to sell it as quickly as possible. If such is the case, then you can be more aggressive with the negotiation process.
Check the San Diego Houses for Sale. There are also San Diego CA New Construction Real Estate and San Diego Homes with Pools.

Related Articles



Actions
Print This Article
Add To Favorites



Sponsors

 

 

© All rights reserved to Real Estate Pro Articles