If you've recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you've received an offer, as you'll probably want to negotiate a better price. If you're wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate. Lower Your Price (A Little) As a seller, it's important to believe in the price you've put your home on the market for, but lowering your asking price after getting an offer will tell the potential buyer that you're flexible. While … [Read more...]
Selling Your Home? Understanding Why a Buyer Might Withdraw — and How to Win Them Back
It may seem like the hard part is over once you've received a few offers on your home and are preparing for the negotiation process. Unfortunately, anything can happen until the papers and signed and this means that potential homebuyers can back out. If you're dealing with a wavering bidder and are wondering how you can win them back, here are some reasons they might withdraw and how you may be able to win them over. The Price Is Too High It's possible that when it comes to negotiating, many interested parties will offer to put down a little more than they otherwise would have; however, when … [Read more...]
Buyer’s Remorse: 3 Things You Should Never Say When You’re Negotiating to Buy a Home
The prospect of finding the home you've always dreamed of can be such an exciting prospect that it's easy to forget all about the process of negotiating. However, it's important to keep a few things to yourself when it comes to the art of making the deal. If you're currently searching for the right place and are preparing to sign on the dotted line, here are a few phrases it's best to avoid. Declaring It Your Dream Home There's nothing wrong with finding the ideal home and getting enthusiastic about the prospect of owning it, but it's very important not to say too much to the homeowner or the … [Read more...]
Selling This Winter? 4 Negotiation Tips to Ensure a Speedy Home Sale
It's a great feeling to get an offer on your home, but there can be a lot of details that go into seeing the negotiation through to completion. If your home is currently on the market and you're expecting buyers to snap it up soon, here's what you'll need to know to get your ideal price in no time at all. Remember To Counter Offer A potential buyer will generally offer you a price that is lower than what they are willing to pay to see if they can get it, so it's important to not get so excited by it that you give up on negotiating. While it's a necessity to be a little flexible on price, it's … [Read more...]
Embracing a Bidding War: How to Choose the Best Offer for Your Home
When the market is hot some sellers are lucky enough to be in a situation where they see multiple offers come through on their property. Now the only decision left is which one to choose. It may be easy to look at the amounts offered and go with the highest one, but that is not always the wisest choice. There are several smaller factors that could mean the difference between a winning and losing bid. Have Any Of The Buyers Been Pre-Approved For A Mortgage? While an offer that comes in above the asking price can be very tempting, there is a risk that the entire sale can fall through if the … [Read more...]