buying a home: effective tips for price negotiation - colorado real estate
DESCRIPTION
Looking for the perfect home is only one part of the home buying process. The next step, which is even more important, is negotiating the price.TRANSCRIPT
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Looking for the
perfect home is
only one part of
the home buying
process.
The next step,
which is even
more important, is
negotiating the
price.
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Even if you have found
your dream home, if you
are not able to negotiate it
to reach a price that would
be within your budget, all
your efforts would be
futile.
Here are some tips on how
to negotiate the price of
the house.
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The most important aspect for
negotiation is the overall price
of the home.
To determine how much a
home costs, it would be a
good idea to enlist the help of
a professional appraiser.
He or she will give you an
accurate estimate of how
much the house costs,
considering the trends in the
market.
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It is also possible to ask for
the common asking price,
but only use this as last
resort or if you don’t have
the service of an appraiser.
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You may also inquire of
the prices set by the other
houses in the same
location that also have
similar features to the one
you’re eyeing.
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Be sure to consider
not only the size, but
the design and
maintenance level,
as well. Moreover,
you can take a look
at the median price
in that particular
market you’re
planning to buy
from.
For example, in
Colorado, Fort
Collins real estate’s
median price is
$251,487.
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To ensure better chances
of having your offer
accepted, establish
friendly relations with
the seller.
You can’t expect the
seller to give in to your
offer if you’re aloof or
disrespectful.
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Show your sincerity in the form
of a letter that contains the
following details: names, ages,
and relationships of the people
who will occupy the house, brief
history of previous homes,
occupation and educational
background, specific reasons
why you love the house and why
you will be the perfect owner.
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When negotiating the price,
be sure to make the person
feel that you’re sincere
about taking care of the
home.
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Most sellers feel attached to the
home they are selling and they
wouldn’t want to give it away just
to anybody unless they can be
perfectly sure that the person will
take care of the house.
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Negotiating is not that easy.
It entails cleverness,
resourcefulness, and
creativity.
Before you engage in any
negotiation process, assess
your feelings for the house.
See to it that you don’t let
your emotional side get the
better of you, or else you
will end up paying more
than you should.
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If you feel you’re not
up to this or that
you’re not confident
about your
negotiation skills, at
least for now,
consider hiring a
professional and
reputable real estate
agent for this
purpose.