Oftentimes, this is the hope: there are no negotiations, there is no negotiation to handle, and and you can ponder your selections with your new townhouse.
And, every so often , it appears like that. We know that, some townhouse sellers accept any offer presented to them, and in the City of Alexandria because of a variety of reasons.
By all means, home sellers are also known to reject offers in consideration of various rationale. Or make counteroffers. A counteroffer is particularly certain if your offer is very low, or when you’re up against multiple competing offers.
If the seller counters, it's now the buyer's turn to either accept, continue negotiations or move on to the next townhouse in 22314 in the City of Alexandria.
When negotiates are underway, as your real estate agent, I'll encourage you to email me. I will be your guide to real estate negotiations in 22314 in Alexandria, if you want to negotiate 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 townhouse you really want. This is what I do each and every day.
At the same time, you’re not just going to sit there. I’ll help you understand the negotiating ideas we will deploy. Those rules of thumb will vary depending upon the townhouse but in the City of Alexandria there are some tried and true practices we deploy time and again.
In 22314 in the City of Alexandria, let's discuss tactics every home buyer should see before negotiations commence:
Pick Up the Cost of the Home Warranty
Sometimes sellers offer prospective buyers a home warranty. This is a plan that covers the cost of repairing major home appliances and systems, like the air conditioner or hot water heater, if they break down within a certain period (typically a year after closing).
A basic home warranty costs about $300 to $600 a year, according to Angie’s List. If it seems like waiving the home warranty can sweeten negotiations, but you still want the peace of mind of having one, tell the seller they don’t need to cover it — then buy it yourself.
Just keep in mind, whether you or the seller buy the warranty, you’ll need to pay the service fee (typically between $50 and $100) if something does, indeed, need to be repaired while under warranty.
Also, FYI: A home warranty is entirely separate from homeowners insurance. Homeowners insurance — the security blanket that covers your home’s structure and possessions in the event of a fire, storm, flood, or other accident — is required if you take out a mortgage. It can cost anywhere from $300 to $1,000 per year.
- When you receive a counteroffer, responding quickly – within 24 hours – is important because the longer you wait, the more time you leave for another buyer to make an offer that is better than yours. Also, a seller may withdraw their counteroffer before you can respond if they sense that you are hesitant.
Demonstrate Patience About Taking Possession
Buying a home requires patience and flexibility in all areas of the process. After closing, you may need to be patient about the possession date. If the seller needs to remain in the house for a period of time after closing, you have some options. You could push back the proposed possession date or you could draw up a “rent-back” agreement. This agreement means that if the seller wants to stay in the home for a set period of time after the closing date, they would pay you rent for that time period.
Are you interested in a $799,995 abode like 2810 Telek Pl? Call me.
3 beds, 3 full, 2 part baths
Home size: 2327
Added: 10/04/19, Last Updated: 11/19/2019
Property Type: Townhouse for Sale
MLS Number: VAAX240502
Subdivision: Eisenhower Square
List Price: 799995.00
Properties in Alexandria $749,995 to $849,995
I’m a local expert on Northern Virginia real estate.