Real Estate and Rental Information About Mount Vernon Virginia

Nuggets Of Wisdom For Negotiating A Dream Home In Alexandria

For many people, here's the plan: the seller accepts your offer as-is, don't bother with negotiation, and and you can spend the next few weeks addressing more pressing home-ownership questions, like “Why is it called wainscoting?” and “Where will Aunt Gladys stay when she visits?” Photo of 3711 Riverwood Rd And, sometimes, it occurs. Indeed, a few home sellers accept any offer they gaze upon, and in Alexandria, Virginia because of a variety of reasons. But, owners are also known to reject offers in consideration of various rationale. Or make counteroffers. A counteroffer is particularly possible if your offer contains conditions, or when you’re up against multiple competing offers. If the seller counters, it's now the property hunter's turn to either accept, continue negotiations or move on to the next dwelling in 22309. In cases like these, as your Realtor, I want you to get in touch with me. I will be your trusted adviser for real estate like 3711 Riverwood Rd in Alexandria, Virginia, say the word and I'll help you 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 ideal deal on the home you really want. This is what I do each and every day. As events unfold, you'll be right there with me. . I’ll help you understand the negotiating conventions we will deploy. Those ideas will vary depending upon the detached home but in 22309 in Alexandria there are some conventions that we use repeatedly. In Alexandria, Virginia, let's really consider rules every shopper should see from the outset:
  1. Pay for the Home Warranty Yourself Sellers 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.
  2. 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.
  3. Increase Your Earnest Money Deposit

    Increasing your earnest money deposit (EMD), which is the amount of money you put down to show you’re interested in the house, is another way to show the seller you are serious about the offer. The EMD is usually 1% to 3% of the sales price of the home. Offering 3% to 4% may be what will persuade the seller to accept your offer.
Are you interested in a surprising home like 3711 Riverwood Rd?  

4 beds, 2 full, 2 part baths

Home size: 2,442 sqft

Added: 04/22/21, Last Updated: 04/22/2021

Property Type: Detached Home for Sale

MLS Number: VAFX1193192

Subdivision: Riverwood


List Price: 899000.00


Properties in Riverwood

I’m a local expert on Northern Virginia real estate. Nesbitt Realty agents are full-time, local, knowledgeable long-time residents.  
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