For most people, this is the dream: the offer is accepted as-is, forget about negotiating, and allowing you to focus on your upcoming home ownership.
And, sometimes it does develop. Indeed, collected sellers accept any offer presented, and in 22314 for a lot of reasons.
Conversely, real estate sellers are also known to reject offers because of a variety of reasons. Or make counteroffers. A counteroffer is very probable if your offer is conditional, or when there are multiple offers.
When the purchaser 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.
In cases like these, as your responsive agent, I'll be standing by so you can contact me. I will be the local expert for real estate like 432 N Henry St #B in Alexandria, if 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 best choice of deal on the home you want. This is what I do every day.
During negotions, you'll be right there with me. . I’ll help you understand the negotiating ideas we will deploy. Those practices will vary depending upon the home but in 22314 in Alexandria there are some basics we come back to time and time again.
In the City of Alexandria, here are 3 tactics every property seeker should know before negotiations initiate:
Receiving a counteroffer is awesome! Did you know that you should respond to counteroffers within a 24-hour period? The reason is there are other prospective buyers and you would like to avoid another buyer from offering a better price than you. The longer you wait, the greater the chances of that happening. Additionally, you do not want the seller to withdraw the counteroffer because he/she sensed your hesitation, and you did not even get to respond to it.
Ask for Fewer Concessions
At a mortgage settlement, home buyers have to pay closing costs for taxes, lender’s fees, and title company fees. Closing costs vary by location, but you can expect to shell out between 3% and 4% of the home’s sales price. The seller pays an additional 1% to 3%. (Our site has a closing cost calculator you can use to get a rough idea of what your closing costs might be.)
When making an initial offer, you have the option to ask the seller for concessions — a settlement paid in cash to help you offset your share of the closing costs. (This move is less feasible if you’re going up against multiple offers.)
Concessions effectively lower the seller’s net proceeds from the sale. Making a counteroffer that removes the concessions you would have otherwise received at settlement puts cash back in the seller’s pocket — and can improve your bid.
- Just walk away
After lengthy negotiations, nobody wants to just walk away. But it’s important to keep in mind that your seller – and your gut – know what’s best for you when it comes to negotiating. If you have already made trade-offs and don’t want to make any more, and the seller won’t budge, you would be best to just walk away.
Walking away from the negotiations that you’ve worked so long and hard on can be very difficult, but your agent can help you understand that there is a better deal out there. If your gut is telling you not to settle – just walk away. After your feelings of frustration pass, you’ll realize that you know how to negotiate and how to take control of the process, whether it means walking away from the next one also, or accepting the offer.
Are you interested in a conspicuous place of residence like 432 N Henry St #B in the City of Alexandria? I can assist. Call me.
2 beds, 2 full, 1 part baths
Home size: 821
Added: 07/20/19, Last Updated: 12/12/2019
Property Type: Penthouse for Sale
MLS Number: VAAX238106
Subdivision: Parker Gray Historic District
List Price: 575000.00
Properties in Alexandria $525,000 to $625,000
There is no charge and no obligation to consult with a real estate agent.