Skip to main content

The Art Of Property Negotiation

Whether you are looking to buy your first home, upgrade to a bigger one, or want to downsize to something cozier, there is one thing that will put you off your perfect property. I am, of course, talking about the price that the seller wants for their house or apartment!

What some folks don’t realize is that owners often overvalue their properties. They do so because they know if a buyer negotiates the price, they can do so to a price that they’re still happy to sell at. With that in mind, you should never pay the full asking price of any future home that you wish to buy!


But, did you know that it’s also possible to bring down the cost of your next property purchase even further? Believe it or not, there are several simple ways that you can negotiate a better price without appearing rude or disrespectful to sellers and their agents. Here’s what you have to do:

Research the local market

It’s important to do what you can to have an edge on owners and realtors. By spending some time researching the local market and property values, you will have a clearer idea of what a property is really worth - even before you start negotiating on the price!

What you may not know is that buyers typically have a better idea of the market than sellers. That’s because they tend to carry out a lot of prior research before approaching vendors and realtors.

It’s quite easy to do your research; all you need is a computer or mobile device connected to the Internet! You can search in seconds for the average sales prices of homes in the area you desire. Plus, it may also be possible to find out what prices the property you’re interested in buying sold for in the past.

Arrange your finance before you negotiate

Property sellers want to know that you’re serious about buying a house. As such, it makes sense to get approved for a mortgage before you start looking for your new home.

Usually, lenders will agree to a maximum amount in principle. Armed with that information, you can confidently say that you’ve got the money to buy a property. Check out http://www.mortgagesusa.com/ as a starting point.

Have a professional survey conducted

One of the classic ways to knock down the price of any property is by highlighting any major repair work. What you must first do is have a property surveyor check everything and give you a report of what needs repairing. Next, you must contact some local contractors to get repair estimates.

For example, let’s say your dream home has a few broken roof tiles. Websites like http://www.triumphroofing.net/ let you get estimates or quotes quickly, especially if you provide photographic evidence of the damage.

Go on a fishing trip

Not a literal one, in this case! Asking questions to the owner or realtor helps you establish how quickly the property needs to get sold. For instance, a house that’s been on the market for six months and has been reduced in price twice means that the sellers are desperate to offload their property.

You are more likely to get the answers you want by asking them to the realtor. That’s because their job is to work for both their client AND you! After all; it’s in their interests to sell the property as fast as possible.


Thanks for reading - and happy shopping!

Comments

Popular posts from this blog

Prilosec OTC $25 Rebate plus a $100 AMEX Giveaway

Hey Neighbors! Do you suffer from heartburn? I do sometimes. I personally can not eat really spicy foods. Problem? I LOVE MEXICAN! So does my whole family. My husband enjoys really spicy foods and sometimes suffers from it. Solution? Have you heard about Prilosec OTC? If not perhaps you would like to try it. Prilosec OTC has a special offer going on right now through February 15th. Buy 2 Prilosec OTC and get $25 back. Now, I personally have not tried Prilosec OTC yet. But according to the site: "How and Why Prilosec OTC® Works Prilosec OTC Blocks Heartburn When you eat, millions of tiny pumps in your stomach lining create acid to break down food. Normally your lower esophageal sphincter (LES) works as a door, opening and closing to let food pass from your esophagus HEARTBURN GLOSSARY Esophagus: Tube connecting the mouth to the stomach; a passageway for food; part of the digestive

Polar FA20 Activity Watch Review and Giveaway

Hi Neighbors, Well, I am out of the hospital, but I am not allowed to be very active yet, so I asked my daughter to test out this new item. It is an Activity Watch. What a great item for Get Out Get Active! The Polar FA20 counts your daily physical activity. First you need to set the basic information. The date, units (metric or imperial), your weight, height, birth date, and male or female. Place the FA20 on your wrist to measure your physical activity 24 hours a day, 7 days a week. This watch monitors your activity and gives you feedback about how you are doing. Everyone should be physically active at least 30 minutes each day, and the FA20 helps you achieve this. Throughout your day you can check and see if you are having a Lazy Day (active less than 30 minutes), Easy Day (active 30 to 60 minutes), Active Day (active 60 to 75 minutes) or an Intensive Day (active more than 75 minutes). You can also record your training sessions to learn more about how your body respon

Omron Heart Rate Monitor Review and Giveaway

Hey Neighbors, Another great product for the Get Out and Get Active! An Omron Heart Rate Monitor ($59.99)! Once again due to my disc problem my daughter was the one to try this out. This is seriously not fair! Anyway, one of the great things about a heart rate monitor is that you can make sure you are exercising in your zone. You can monitor your heart rate and then adjust your pace for either a slower workout or a more intensive workout. This monitor comes witha high and low alert so you can make sure you stay right where you are supposed to. Not overdoing it, yet not taking it too easy! You can wear the wrist receiver on your wrist, or you can mount it on your bike or treadmill so it is easy for you to read. This Omron Heart Rate Monitor comes with: 1-Wrist Receiver Watch 1-Transmitter 1-Transmitter Strap (Chest size 29" to 55") 1-Receiver Mounting Bracket 1-Storage Case 2-"Lithium" Batteries (installed) 1-Instruction Manual (Above nice carry cas