For many people, here's the desire: the seller signs off on your offer, skip the haggling, and and you can spend the next few weeks addressing more pressing home-ownership questions, like “Where will Aunt Gladys stay when she visits?” and “Do I want a new couch in blush or emerald green?”
And, every now and then, it come to passs like that. Surely, collected home sellers accept any offer they receive, and in Alexandria, Virginia because of rationale known only to them.
But, owners are also known to reject offers for heaps of reasons. Or make counteroffers. A counteroffer is certain if your offer contains conditions, or when the property or area is highly sought after.
If the seller counters, it's now the home shopper's turn to either accept, continue negotiations or move on to the next detached home in Alexandria, Virginia.
When it's time to negotiate, as your agent, I'll encourage you to contact me. I will be your trusted adviser to real estate negotiations like 3413 Sunny View Dr, if you choose to haggle with the seller. By this I mean that I will use my experience and negotiating ability as we craft a series of offers and counter-offers to help get you the best deal on the home you really want. It's what I do.
During negotions, you’re not just going to sit there. I’ll help you understand the negotiating rules we will deploy. Those tactics will vary depending upon the detached home but in Northern Virginia here are some basics we commonly come back.
In 22309, let's discuss several rules of thumb every property seeker should know at the outset:
- Receiving a counteroffer is a very serious matter, and that is why you are advised to respond to it within 24 hours after you receive it. This prevents other buyers from from making an offer and ‘stealing’ the property from you.
There is also the issue that the seller may withdraw the offer before you respond if he/she senses the slightest bit of hesitation.
Let Go of a Few Contingencies — With Care
Want to give your counteroffer an even bigger boost?
Reduce the number of contingencies you’re asking for. It’s your way of saying, “Hey, look, I have fewer ways to back out,” which gives the seller more reassurance that the deal will close.
But be selective: Some contingencies are too important to give up. A home-inspection contingency — the right to have a home inspection and request repairs — gives you an out if you spot major problems with the home (and protects you from buying a total money pit).
You might waive a termite inspection if you’re in a state where the risk is lower.
But ultimately, waiving contingencies depends on your market, your loan program requirements, your risk tolerance, and the circumstances of the house in question. And if you waive contingencies and then you find a problem, the seller isn’t responsible for fixing it.
Increase Your Earnest Money Deposit
Increasing your earnest money deposit (EMD) — the sum of money you put down to prove to the seller you’re serious (i.e., “earnest”) about buying the house — is another way to show the seller you have more skin in the game. A standard EMD is typically 1% to 3% of the sales price of the home. Making a counteroffer with a 3% to 4% deposit could be what you need to persuade the seller to side with you.
Are you interested in a one-of-a-kind home like 3413 Sunny View Dr in 22309?
5 beds, 2 full baths
Home size: 988
Added: 08/24/19, Last Updated: 10/30/2019
Property Type: Detached Home for Sale
MLS Number: VAFX1085726
Subdivision: Sunny View
List Price: 589900.00
Properties in Alexandria $539,900 to $639,900