Words To The Wise For Negotiating A Next Home In The City Of Alexandria

Photo of 329 Washington St N

For most property hunters, this is the desire: the seller accepts your offer as-is, forget about negotiating, and and rather you can turn your attention to your and you can ponder your place.

Photo of 329 Washington St N

And, once in a blue moon, it come to passs sort of like that. Indeed, a couple of homeowners accept any offer they get, and in Alexandria because of rationale known only to them.

Surely, detached home sellers are also known to reject offers for various rationale. Or make counteroffers. A counteroffer is especially probable if your offer is conditional, or when there is more than one offer.

If the seller counters, it's now the buyer client's turn to either accept, continue negotiations or move on to the next home in 22314 in Alexandria.

Photo of 329 Washington St N

When this happens, as your Realtor, please contact me. I will be your guide for real estate like 329 Washington St N in Northern Virginia, if you decide you want to squabble with the seller. By this I mean that I will use my experience and negotiating specialties as we craft a series of offers and counter-offers to help get you the most suitable deal on the home you really want. I have done this many times, and I can do it for you.

As events unfold, you'll be a driver and not a passenger. I’ll help you understand the negotiating rules we will deploy. Those basics will vary depending upon the residence but in Alexandria, Virginia here are some basics we typically implement.

In Northern Virginia, let's examine three tactics every buyer should know from the beginning of negotiations:

  1. Increase Your Earnest Money Deposit

    Your earnest money deposit, or EMD, is the amount of money you put down to prove to the seller you want to buy the house. Putting down more money shows the seller that you’re more serious about the sale. The typical amount of an EMD is 1% to 3% of the sales price of the home. Offering 3% to 4% may be what it takes to persuade the seller to side with you.

  2. Responding quickly to a counteroffer – ideally within 24 hours – is important because the longer you wait, the more time you leave for another buyer to make an offer. Also, a seller may withdraw their counteroffer before you can respond if they sense that you are hesitant.
  3. 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 7-bedroom 5-baths dwelling in the City of Alexandria? I can help. 

7 beds, 5 full, 1 part baths

Home size: 5322

Added: 05/20/19, Last Updated: 11/22/2019

Property Type: Detached Home for Sale

MLS Number: VAAX235480

Subdivision: Old Town Alexandria

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List Price: 3195000.00

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I’ve been doing this for a while and it shows.  I know my business and would love to put my experience to work for you. How can we help achieve your real estate goals? Speak to an agent today to find out how. 

 

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