- Within 24 hours of receiving a counteroffer, you should respond so that you can lock in a deal. Waiting to respond leaves time for another buyer to make an offer, and if a seller senses hesitation, he or she may withdraw their counteroffer before you even have time to respond.
- Know When to WalkIf you’re in the middle of negotiations and your gut – or your agent – say that it’s a bad deal, make sure you listen. If you have already made some trade-offs in your negotiating and don’t feel like you could make any more and the seller doesn’t seem willing to budge, walking away may be the best option for you. Walking away from negotiations can be a very difficult decision to make because you’ve already put so much time, effort, and emotion into your negotiations thus far. Even though walking away can be tough, after your feelings of frustration pass, you’ll see that a better deal is out there for you and that next time, you’ll have more experience with negotiating.
-
Raise Your Price (Within Reason)
Even though you don’t want to overpay for a house, you have to keep in mind that you may end up having to increase your offer, particularly if your first one was on the low end. Let your agent’s expertise guide you in helping you determine how much you should increase your offer by to make it more appealing to the seller. As your realtor, I’ll use similarly priced “comps” – homes in your area that have recently sold and are similar in terms of square footage and features – to persuade the seller to see the appeal of your offer. Negotiations may escalate quickly and be stressful for you, and you may feel like doing whatever you have to do to get your hands on that home, but you will have to keep several things in mind in order to keep yourself from going overboard:- No matter what, you can’t exceed the monetary confines of the amount for which you were pre-approved.
- You should, under no circumstances, exceed your budget.
- You don’t want to buy a home and then not be able to enjoy it, so you’ll want to make sure your counteroffer is an amount that you’re comfortable spending so that you still have money to spend on living.
- Remember, you’re not out of options yet.
2 beds, 2 full baths
Home size: 1,110 sq.ft.
Added: 07/16/18, Last Updated: 07/16/2018
Property Type: Residential Hi-Rise 9+ Floors for Sale
MLS Number: AX10299251
Subdivision: Olympus Incl
Properties in 22304 $209,000 to $231,000
$213,900 - 5911 Edsall Rd #813
$225,000 - 307 Yoakum Pkwy #524
$214,000 - 5300 Holmes Run Pkwy #Ph19
$212,800 - 4600 Duke St #1132
$229,900 - 307 Yoakum Pkwy #819
$209,900 - 250 Reynolds St #606
$214,800 - 4600 Duke St #1520
$215,000 - 6300 Stevenson Ave #512
$210,000 - 309 Yoakum Pkwy #312
$209,900 - 4600 Duke St #509
See more in 22304 $209,000 to $231,000
I enjoy what I do because I’m good at what I do.