For people, here's the goal: your offer is for real estate accepted, forget about negotiating, and and you can spend the next few weeks addressing more pressing home-ownership questions, like “Should I plant annuals or perennials?” and “Where do I sign up for utilities?”
And, now and then, it appears exactly like that. Of course, a few home sellers accept the first offer they receive, and in 22314 in the City of Alexandria for a host of reasons.
On the other hand, home sellers are also known to reject offers for various rationale. Or make counteroffers. A counteroffer is very certain if you bid low, or when you’re up against multiple competing offers.
When you receive a counteroffer, it's your option. You can accept, continue negotiations or move on to the next home in Alexandria.
When it's time to negotiate, as your attentive agent, I'm there to help when you contact me. I will be your guide to real estate negotiations in Alexandria, if you want to negotiate with the seller. By this I mean that I will use my experience and negotiating ability as we craft a series of offers and counter-offers to help get you the ideal deal on the home you actually want. I have the experience you need.
During negotions, it won't be all me though. I’ll help you understand the negotiating tactics we will deploy. Those rules will vary depending upon the residence but in 22314 in the City of Alexandria there are some tried and true practices we deploy time and again.
In Alexandria, Virginia, I'll talk about 3 ideas every home shopper should know from the outset:
Raise Your Price (Within Reason)
Nobody wants to overpay for a house, but you may have to increase the amount of your offer, especially if you offered a low amount to begin with. Let your agent guide you regarding the amount by which to increase your offer so that it will be more appealing to the seller.
Through the power of persuasion, I will be able to make your counteroffer look more appealing by pointing out other similarly priced homes – or comps – in the area that are similar in size and features.
The situation can be stressful and may feel like it is escalating quickly as i negotiate, and you may feel as though you are willing to do whatever it takes to win. But we will keep several things in mind throughout this process:
- You have to stay within the monetary boundaries of the pre-approved amount you received from your lender.
- You should never overextend your budget.
- Your counteroffer needs to be an amount that you’re comfortable spending on a home since you want that house but you want to be able to continue living comfortably as well.
- Keep in mind that you’re not out of options.
- Pay for the Home Warranty Yourself
Sellers will occasionally offer a prospective buyer a home warranty. This is a plan that, according to Angie’s List, costs around $300 to $600 and covers the repair of larger home appliances, such as the air conditioner and hot water heater, if they malfunction within a certain time period after purchasing the home. Usually the time period is one year.
If you want the home warranty but feel that buying it yourself would ease negotiations, tell the seller they don’t need to cover it – then buy it yourself. Regardless of who buys the warranty, you will be responsible for paying the service fee, usually between $50 and $100, if something needs to be repaired while under warranty.
You must remember that a home warranty is separate and different from homeowners insurance. Homeowners insurance covers your home’s structure and possessions in case of a fire, storm, flood, or other accident. If you take out a mortgage, homeowners insurance is required, and it can costs around $300 to $1,000 each year.
- Know When to Walk
If you’re in the middle of negotiations and your gut – or your agent – say that it’s a bad deal, make sure you listen. If you have already made some trade-offs in your negotiating and don’t feel like you could make any more and the seller doesn’t seem willing to budge, walking away may be the best option for you.
Walking away from negotiations can be a very difficult decision to make because you’ve already put so much time, effort, and emotion into your negotiations thus far. Even though walking away can be tough, after your feelings of frustration pass, you’ll see that a better deal is out there for you and that next time, you’ll have more experience with negotiating.
Are you interested in a attractive interior row/townhouse like 1734 Carpenter Rd? I can aid.
4 beds, 3 full, 1 part baths
Home size: 3088
Added: 10/09/20, Last Updated: 11/25/2020
Property Type: Interior Row/Townhouse for Sale
MLS Number: VAAX246738
Subdivision: Potomac Greens
List Price: 1195000.00
Properties in 22314
$1,149,900 – 421 Oronoco St
3 beds, 3 full, 1 half baths
Living area: 2,373 sqft
Year built: 2005
Open House Sat 11/28 from 11-2pm and Sun 11/29 from 1-3pm This beautiful and light filled … [Read more]