How to Negotiate the Deal When Buying a House

by Robin Anderson Real Estate 05/26/2019

Buying or selling a house is one of the most significant financial transactions because in most cases, it involves spending a considerable amount of money. Getting the best possible deal is important to make sure that you are getting value for your money and not overspending unnecessarily.

To negotiate a better arrangement when purchasing a house, you need a good strategy, and you must know how to motivate and negotiate with all the parties involved in the transaction. Here are some tips that will place you in the right position to negotiate favorable terms:

Research the market 

It is impossible to know the worth of property without carrying out appropriate market research. It is essential that you inspect similar properties in that vicinity and compare them. Also, you should be familiar with the selling price of similar properties in the past few months and know the trends of the property market in your area. 

Dealing with the seller's real estate agents

You should be apprised of the fact the seller's real agents work for a seller and not for you. An agent's job is to get the best deal for the seller; therefore, they might employ a tricky tactic to make you pay more. Do not be pressured to offer more than what you are comfortable with and don't disclose too much information as regards your emotional attachment to the property and your budget.

Make use of a buyer’s agent 

A buyer's agent is in the best position to find you the right property. Not only that, they will represent you all through the negotiation deal. A buyer's agent will help you examine different properties and negotiate on your behalf. Another advantage of using a buyer's agent is that you will have access to locations that are not in the market. You can find these off-the-market properties through the agent's industry network.

Research the property 

To evaluate the value and know how much to offer for a property, you must take a closer look at the features as well as the downsides of the property. Also, you must know why the property is on sale. 

Do not exceed your budget 

The initial thing you need to do before you start looking for a house to buy work hand in hand with an accountant and a financial to work out your budget. Speaking with a mortgage broker is also a good idea as it will help you know how much you can borrow. Try to adhere strictly to your budget irrespective of the pressure faced.

About the Author
Author

Robin Anderson Real Estate

“My Passion is people and relationships and I promise to provide my clients with exceptional service tailored to their individual needs.” -Robin Anderson 

Robin is a Georgia native who brings her passion for people and her love of homes to work for her clients. She and her husband, Andy, have been married for almost 28 years and have two children, Ellen and Drew. They currently live in Fulton County, but Robin has also lived in Cobb County, Douglas County, Carroll County, and Coweta County. She has been integral to many real estate endeavors including designing and building several custom homes, remodeling homes, subdividing land, managing rental properties, and buying and selling properties. After spending two years in Cumming and Decatur working with a new home builder, Robin is excited to work with buyers and sellers in her own community. Although Robin is driven to provide outstanding service to her clients, she is acutely aware that people want to know you care about them before they care how much you know. She believes meaningful relationships bring immeasurable joy to the world, and she knows that real joy comes from faith in Jesus Christ. She counts her faith, family, friends, and community as her most treasured blessings. In our increasingly digital world, Robin understands the importance of multimodal marketing, so she and her team employ the latest research, marketing strategies, and technologies to ensure that their clients’ properties are positioned and marketed for success. With professionally designed advertising strategically placed in magazines, direct mail publications and flyers, and Internet sites, her clients’ properties receive the highest and most effective exposure in the marketplace. Robin is highly motivated but sensitive to the fact that buying and selling homes can be an emotional experience, so she makes it a priority to keep clients closely informed throughout the process and strives to produce quick results. She appreciates the opportunity to help her clients navigate the real estate process, and she aspires to deliver quality customer service that is both informative and positive.