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What You Need to Know Before Negotiating with the Seller

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By : Roby Hicks    99 or more times read
When we purchase a home, we want to buy it for a good bargain. We want to acquire our dream home for the cheapest value possible. This is not easy but not impossible. All we need is the right information and the skills to negotiate with seller. We should keep in mind a few things when negotiating. This will help ensure that we get the best value for our money.

The market

Today’s market is in favor of the buyers. This is because there are a lot of sellers and few buyers. Therefore, buyers have more options. They also enjoy cheaper homes. Because of this, more sellers are willing to give the buyers what they want. They know that if they refuse, buyers can easily walk away to find another seller who will agree to their conditions.

This state of the market makes it an ideal time to purchase a property. Buyers can find beautiful inexpensive homes. On top of that, they have the upper hand in negotiating. However, it is still important that you are wise in making an offer as well as in negotiating. If the terms you are asking are unacceptable, the seller will likely decline your offer. He might not even take you seriously. So if you have found your dream home, do your homework to know what offer to make.

Before you make an offer

What you need to keep in mind is that there are a lot of properties to choose from. Do not get too excited with the first house you see. Take your time and view several properties before. You can use online information so that you do not have to visit all the properties individually.

You need to learn certain information before making an offer. This is to ensure that the seller will consider it. The first thing you need to identify is its market value. Through this, you will learn if the property is overpriced. Your agent will help you with this. If you do not have an agent, you can use the values of the properties recently sold in that area. Just make sure that they have similar specifications with the property you want to buy. Do not forget to check the selling prices. Check the trend and use this in identifying the market value of the property.

Learn how long has the property been in the market as well. If it has been in the market for a while, it will be easier to negotiate with the seller.

Find out the reason why the seller is selling the property. This is a valuable information you can use during negotiations. This is difficult to acquire because the seller’s agent will not give you the information. Since this is the case, find out from their neighbors. You can talk to them casually. Introduce yourself and tell them that you want to purchase a property in the neighborhood. After that, ask if he knows why the owner is selling the house.

Negotiate confidently

Once you have all the information, it will be easier for you to make an offer and negotiate the value you are willing to pay. The value you offer does not have to be low. You can make it higher than what other buyers are offering. However, make sure that the seller agrees with your conditions. You can ask for freebies like couches and other furniture. You can also ask the seller to pay the closing cost.

In order to negotiate confidently, research about the essential information before you transact with seller.
Check out the Cave Creek Short Sale Properties. Consider the Cave Creek Foreclosed Houses or visit the Cave Creek Rental Property as well.

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