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Best Practices For Detached Home Buyers Negotiating A Detached Home Acquisition In 22309 In Fairfax County

For most shoppers, here's the desire: your offer is perfect, there is no negotiation to handle, and and you can spend the next few weeks addressing more pressing home-ownership questions, like “Why is it called wainscoting?” and “Do I want a new couch in blush or emerald green?” And, sometimes it does appear. Surely, several owners accept the first offer presented, and in 22309 in Fairfax County because of rationale known only to them. On the other hand, real estate sellers are also known to reject offers in consideration of various rationale. Or make counteroffers. A counteroffer is especially probable if your offer is conditional or is a low-ball offer, or when the property or area is highly sought after. When the home hunter receives a counter-offer, it’s up to the property hunter to decide whether to accept the new contract, negotiate the terms, or walk away.
Andrew Patton
Andrew Patton
When it's time to negotiate, as your Realtor, I'll be standing by so you can talk to me. I will be your guide to real estate negotiations like 3711 Maryland St in 22309, if you decide you want to haggle with the seller. By this I mean that I will use my experience and negotiating prowess as we craft a series of offers and counter-offers to help get you the right deal on the home you want. I have done this many times, and I can do it for you. When negotiations are on-going, you'll be an active participant in this process. I’ll help you understand the negotiating tactics we will deploy. Those practices will vary depending upon the detached home but in 22309 there are some tried and true practices we deploy time and again. In Alexandria, let's look at interesting tactics every home buyer should know from the beginning of negotiations:
  1. Don’t ask for so many Concessions When buying a home, the buyer has to cover many costs besides just the cost of the home or mortgage. These include paying closing costs for taxes, lender’s fees, and title company fees. Although closing costs will vary by location, you can expect to pay between 1% and 3% of the home’s selling price. The seller will pay an additional 1% to 3%. Using our site’s closing cost calculator can help you get an estimate of what you can expect your closing costs to be. When you make an offer on a home, you can ask the seller for concessions, which may include a settlement paid in cash to help cover some of your share of the closing costs. Asking for concessions can’t hurt, but it may not be feasible if you’re up against several offers. If the seller gives you concessions, their net proceeds will ultimately be lower. The seller may make a counteroffer that removes the requested concessions, but this will put money back in the seller’s pocket and can improve your bid.
  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. Listen to your Gut – and your Agent When you are in the middle of negotiations with a seller and you get a bad feeling in the pit of your stomach – or you get advice from your agent – indicating that something is wrong, you should listen. Don’t be afraid to walk away from a deal, especially if your agent advises you to do so. If you’ve already made negotiations, don’t want to make any more trades, and the seller won’t budge, sometimes walking away is the best decision to make. It won’t be easy because negotiating is hard and draining, But once those feelings of frustration pass, you’ll be better at negotiating and you’ll realize that you know how to do this.
Photo of 3711 Maryland St Are you interested in a $700,000 dwelling in Alexandria, Virginia? I can aid. Phone me. 

4 beds, 3 full baths

Home size: 1,680 sqft

Added: 05/06/21, Last Updated: 05/07/2021

Property Type: Detached Home for Sale

MLS Number: VAFX1195690

Subdivision: Woodleigh Woods

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List Price: 700000.00

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Guide to Northern Virginia Real Estate

Northern Virginia is a part of the National Capital Region it is home to some of the most educated, affluent and particular buyers in the nation. Everyday we help people relocate in and out of Northern Virginia as well as help locals advance their real estate goals. If you’re shopping for a home in Northern Virginia, you will find our Buyer’s Guide to Northern Virginia Real Estate is a great resource for understanding the area and for seeking out the perfect real estate match for your tastes and budget. If you need any help with a specific search please don’t hesitate to call us at (703)765-0300. [Learn more about how we help buyers in Northern VA]  
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