When you find a property that you want to make an offer on, many emotions can come into play. Whether it’s your first home or your third, home buyers can become attached to a home very quickly. Visions of family gatherings, a nursery, and fun in the sun by the pool can be a powerful force. When it’s time to act after you find a property, it’s time to be strategic and calm.
The number one rule is to always be willing to walk away. Sometimes negotiations fail and houses are lost. You have to be willing to move on. Many factors can determine how a negotiation goes. Is it a hot market with low inventory? How many offers are on house you want? What’s the industry saying about home prices and values? These are questions that I can help you answer.
When you find the ideal home, I can help you negotiate your offer with the seller, but you have to be in it to win it. If it truly is your dream home, you may not want to battle the seller over something as minor as a broken garage door or even another $5k. It all comes down to what is most important to you when buying a home. With that in mind, I can guide you through the process to help you know when to hold and when to fold.
When it’s a seller’s market, things can get a little crazy. More often than not, the only thing that can shift things in your favor is cash. When there is a bidding war on a home, the seller wants the most money he or she can get. Before looking for a home, save as much as you can for a down payment and then some. And if the bidding gets too high for your allotted funds, still go for it. You never know if something on your application will stand out to the seller that will give you the advantage.
If you’d like a Realtor who has the experience needed to help you negotiate the best deal after you find a property, give me a call at Down Home Real Estate. My passion for real estate is second only to my commitment to my clients. When it comes to home negotiations, Big Mike is the best man to have by your side.