3 Simple Rules for Negotiating Your Offer and Getting That House

 

Imagine making the perfect offer for a beautiful home—no need to negotiate, and all the time in the world to ask more pressing questions regarding home ownership, such as, “Do I want to paint my walls beige or eggshell-white?”

 

While this isn’t impossible, many sellers reject offers or make counteroffers for various reasons. For example, if you bid too low or you’re competing against multiple offers.

 

Talk to your real estate agent and negotiate with the seller using these tips:

 

It’s important to give a quick response when you receive a counteroffer—try to get it done within 24 hours. If you wait for too long, you’ll leave space for other buyers to swoop up the property. A seller might also withdraw the counteroffer before you get the chance to respond if they sense any hesitation from your side.

 

You understandably wouldn’t want to overpay for the house, but you might need to add a little extra cash to your offer, especially if your initial offer was a lowball. Don’t be afraid of relying on your estate agent’s experience to figure out how much more money you should offer to make the prospect more enticing.

 

Try to stay calm while your agent negotiates, and don’t exceed your budget. Make sure that your counteroffer is an amount that you’d be comfortable with spending on your new home. You don’t want to buy the house just to be left with barely any funds to maintain your lifestyle.

 

You can show the seller how serious you are about buying the house by increasing the earnest money deposit. It’s usually only around 1-2% of the sale price of the house, but you can negotiate it and take it up to 10%. You can also use this as a bargaining chip.

 

 

Are you looking for a luxury home in Rockwall for you and your family to move into? Naylor KW is a top-notch residential realtor that can help you out! We’ll stay by your side throughout the buying process and are happy to answer any questions you may have. We aim to provide you with the best services, prices, and options when it comes to buying a new home.

 

Contact us for more information!