Increase Your Earnest Money DepositYour 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.
- 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.
- 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.
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<!--
List Price: 3195000.00-->
Contact us to get a free no obligation list of similar properties or to be notified when properties become available with your criteria.
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.