Buying a Home: Effective Tips for Price Negotiation - Colorado Real Estate

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    10-Mar-2016
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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.

Transcript of Buying a Home: Effective Tips for Price Negotiation - Colorado Real Estate

  • 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.

  • 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.

  • 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.

  • It is also possible to ask for

    the common asking price,

    but only use this as last

    resort or if you dont have

    the service of an appraiser.

  • You may also inquire of

    the prices set by the other

    houses in the same

    location that also have

    similar features to the one

    youre eyeing.

  • 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 youre

    planning to buy

    from.

    For example, in

    Colorado, Fort

    Collins real estates

    median price is

    $251,487.

  • To ensure better chances

    of having your offer

    accepted, establish

    friendly relations with

    the seller.

    You cant expect the

    seller to give in to your

    offer if youre aloof or

    disrespectful.

  • 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.

  • When negotiating the price,

    be sure to make the person

    feel that youre sincere

    about taking care of the

    home.

  • Most sellers feel attached to the

    home they are selling and they

    wouldnt want to give it away just

    to anybody unless they can be

    perfectly sure that the person will

    take care of the house.

  • 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 dont let

    your emotional side get the

    better of you, or else you

    will end up paying more

    than you should.

  • If you feel youre not

    up to this or that

    youre not confident

    about your

    negotiation skills, at

    least for now,

    consider hiring a

    professional and

    reputable real estate

    agent for this

    purpose.