Several Pieces Of Advice For Purchasers Negotiating A Real Estate Purchase In Alexandria

For most property hunters, here’s the hope: your offer is for real estate perfect, don’t bother with negotiation, and and you can instead focus on what you’re going to do with your new townhouse.

Photo of 8514 Towne Manor Ct

And, from time to time, it develops like that. Without a doubt, a number of sellers accept any offer presented to them, and in Alexandria, Virginia because of a variety of reasons.

On the other hand, home sellers are also known to reject offers for various rationale. Or make counteroffers. A counteroffer is possible if you bid low, or when the property is in great demand.

If the seller counters, it’s now the buyer client’s turn to either accept, continue negotiations or move on to the next residence in 22309 in Alexandria.

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In cases such as these, as your hard-working agent, I’m there to help when you email me. I will be the local expert to real estate negotiations like 8514 Towne Manor Ct, if you decide you want to negotiate with the seller. By this I mean that I will use my experience and negotiating experiences as we craft a series of offers and counter-offers to help get you the right deal on the home you want. I’ve dedicated my professional talents to this.

During negotions, you’ll be right there with me. . I’ll help you understand the negotiating ideas we will deploy. Those conventions will vary depending upon the home but in Alexandria, Virginia here are some basics we frequently implement.

In 22309 in Fairfax County, let’s consider tactics every home buyer should know from the beginning of negotiations:

  1. Act Fast — Like, Now

    When you receive a counteroffer, you should respond quickly — ideally within 24 hours. The longer you wait, the more space you leave for another buyer to swoop in and nab the property. Also? If a seller senses hesitation, they may decide to withdraw their counteroffer before you even have a chance to respond.

  2. Raise Your Price (Within Reason)

    Nobody wants to overpay for a house, but you may have to increase the amount of your offer, especially if you offered a low amount to begin with. Let your agent guide you regarding the amount by which to increase your offer so that it will be more appealing to the seller.

    Through the power of persuasion, I will be able to make your counteroffer look more appealing by pointing out other similarly priced homes – or comps – in the area that are similar in size and features.

    The situation can be stressful and may feel like it is escalating quickly as i negotiate, and you may feel as though you are willing to do whatever it takes to win. But we will keep several things in mind throughout this process:

    • You have to stay within the monetary boundaries of the pre-approved amount you received from your lender.
    • You should never overextend your budget.
    • Your counteroffer needs to be an amount that you’re comfortable spending on a home since you want that house but you want to be able to continue living comfortably as well.
    • Keep in mind that you’re not out of options.
  3. Pay for the Home Warranty YourselfSellers will occasionally offer a prospective buyer a home warranty. This is a plan that, according to Angie’s List, costs around $300 to $600 and covers the repair of larger home appliances, such as the air conditioner and hot water heater, if they malfunction within a certain time period after purchasing the home. Usually the time period is one year.

    If you want the home warranty but feel that buying it yourself would ease negotiations, tell the seller they don’t need to cover it – then buy it yourself. Regardless of who buys the warranty, you will be responsible for paying the service fee, usually between $50 and $100, if something needs to be repaired while under warranty.

    You must remember that a home warranty is separate and different from homeowners insurance. Homeowners insurance covers your home’s structure and possessions in case of a fire, storm, flood, or other accident. If you take out a mortgage, homeowners insurance is required, and it can costs around $300 to $1,000 each year.

Are you interested in a fascinating townhouse like 8514 Towne Manor Ct in Northern Virginia? I can help. 

3 beds, 2 full, 1 part baths

Home size: 1152

Added: 08/08/19, Last Updated: 10/22/2019

Property Type: Townhouse for Sale

MLS Number: VAFX100903

Subdivision: Mount Vernon Townes

Properties in Alexandria $342,500 to $442,500

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6540 Morning Glen Ct, Alexandria

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7702 Haynes Point Way #2002, Alexandria

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7281 Larrup Ct, Alexandria

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6302 Eighth St, Alexandria

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210 Stevenson Sq, Alexandria

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Living area: 1,292 sq. ft.

 

Thanks. We genuinely appreciate the opportunity to serve you. Why don’t you find real estate using a local, small business that cares about your requirements?

 

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