3 Best Practices For Buyers Negotiating A Next Home Like 9005 Cherrytree Dr

For many home hunters, here's the desire: the seller signs off on your offer, don't bother with negotiation, and allowing you to focus on your upcoming home ownership.

And, sometimes it does occur. Indeed, some detached home sellers accept any offer presented to them, and in 22309 in Alexandria in consideration of various rationale. Naturally, property sellers are also known to reject offers for various rationale. Or make counteroffers. A counteroffer is particularly possible if your offer is conditional, or when you’re up against multiple competing offers. If the seller counters, it's now the home buyer's turn to either accept, continue negotiations or move on to the next place in Alexandria, Virginia.

When negotiates are underway, as your agent, I'll be standing by so you can email me. I will be your personal pro for real estate in 22309 in Alexandria, if you decide you want to haggle with the seller. By this I mean that I will use my experience and negotiating skills as we craft a series of offers and counter-offers to help get you the perfect deal on the home you really want. I have the experience you need. During negotions, you’re not just going to sit there. I’ll help you understand the negotiating rules of thumb we will deploy. Those rules of thumb will vary depending upon the property but in Northern Virginia here are some basics we normally come back. In 22309 in Alexandria, let's discuss a few tactics every property hunter should know from the outset:

Raise Your Price (But be Reasonable)
While you don’t want to overpay for a house, you may have to offer more money, especially if your first offer was a lowball offer. Listen to your agent’s advice about how much to increase your offer by to make it more enticing to the seller. As your realtor, I will be able to make your counteroffer look even more appealing by bringing attention to the prices of other homes in the area of similar size and with similar features. Although the situation may seem to be escalating quickly and will get stressful, you need to make sure you don’t make any impulsive decisions. In order to make sure you don’t go overboard, we will keep a few things in mind:
- No matter what, you won’t be able to exceed the amount your mortgage company pre-approved you for.
- You should not overextend your budget.
- You want to keep your counteroffer reasonable so that you can enjoy your new home but also keep living your life. Besides, you aren’t out of options yet.
Pick Up the Cost of the Home Warranty
Sellers will sometimes offer prospective buyers a home warranty, which is a plan that covers the cost of repairing major home appliances and systems if they malfunction within a certain time period after closing, typically a year. The air conditioner and hot water heater are typically covered under this warranty. According to Angie’s List, a basic home warranty costs anywhere from $300-$600 a year. If waiving the home warranty will make negotiations easier, you can always tell the seller they don’t need to pay for it. You can always buy it yourself. Regardless of who buys the home warranty, you’ll need to pay the service fee, which is generally between $50-$100, if something goes wrong while still under the warranty’s coverage period. Just an FYI: A home warranty is completely different and separate from homeowners insurance, which covers the home’s structure and possessions in a fire, storm, flood, or other accident. Homeowners insurance is required if you take out a mortgage and can cost anywhere from $300-$1000 per year – a small price to pay for peace of mind.
Be Patient about Taking Possession of the Home Depending on the seller’s timeline, being patient about the proposed possession date may butter them up a little. If the seller wants to remain in the house for a period of time after closing, you can consider pushing back the possession date. You could also have the seller pay rent for the period of time they remain in the house after closing, which would be done by drawing up a “rent-back” agreement.