Home Buying: Important Things To Know To Help You With Negotiation

Let us suppose that you are planning to buy a Clarksville Real estate property

. Because of this, you visited and viewed some beautiful Clarksville Homes for Sale that you think fit your requirements for a house. After some weeks, you were able to find the perfect house for you. Its style and design is just the thing you are looking for. The property is in a great and peaceful neighborhood. The number of rooms is just perfect for your growing family. And oh, it has a huge yard which is perfect for your gardening and landscaping skills. What are you still waiting for? Why not negotiate for the property now and make your offer? The property may have multiple offers and it is important that you have the advantage when you negotiate. Making an offer and negotiating for the property is one crucial aspect of the home buying process. You have to think about how much will be your initial offer and how are you going to convince the seller to accept your price. For you to be able to effectively and successfully win a deal for the house you want, here are some of the important things you should know when you negotiate.

1.Latest sales of similar homes near the area

You have to be knowledgeable about what is going on in the real estate market because it will give you an advantage when you start the negotiation. Check the recently sold houses similar to what you are planning to buy and compare their prices. This will give you an idea how much you can offer initially. One rule is that try giving an offer that is 10000 USD to 15000 USD less than the average recent purchase price of properties.

2.What motivates the seller

It is another advantage for you if you know the motivation of the owner to sell his or her property. It is easier to get a lower and much affordable deal if you know the sellers reasons for putting the property on sale. It can be divorce, death, moving to another place, retirement and others. You also have to find out if the seller is following a timetable and is pressured to sell the house as soon as possible. Sellers that are very motivated are good source of low house deals.

3.Period since the property has been for sale

Basically, you can expect the seller to be already very anxious to close a deal for the property if it has been in the market for 40 to 60 days. You should also try to find out the reason behind why the property has not been sold yet. Is the market currently dead? Do potential homebuyers think that the neighborhood is undesirable? Are the interested buyers giving very low offers? You can avoid committing the same mistakes other homebuyers did if you know relevant information about the property and the seller.

by: Stephanie Pankhurst

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