Tempting Nuggets Of Wisdom For Your Counteroffer

For people, here's the hope: your offer is for real estate perfect, you don’t need to dicker, and and rather you can turn your attention to your move and you can ponder your garden-style condo.

And, sometimes it does crop up. We know that, various sellers accept any offer they get, and in 22033 in consideration of various rationale. On the other hand, owners are also known to reject offers for a host of reasons. Or make counteroffers. A counteroffer is especially probable if your offer is very low, or when the property is in great demand. When you receive a counteroffer, it's your choice. You can accept, continue negotiations or move on to the next garden-style condo.

When it's time to negotiate, as your real estate agent, please reach out to me. I will be the local expert to real estate negotiations like 4400 Helmsford Ln #101 in Fairfax, when you think it's your home, then I'l help you to negotiate with the seller. By this I mean that I will use my experience and negotiating skills as we craft a series of offers and counter-offers to help get you the great deal on the home you really want. I've dedicated my professional talents to this. At the same time, you'll be a driver and not a passenger. I’ll help you understand the negotiating tactics we will deploy. Those basics will vary depending upon the garden-style condo but in Northern Virginia here are some basics we often implement. In Northern Virginia, there are curated tactics every buyer client should see before negotiations commence:

1. Raise Your Price (But not too Much)

   If you started out with a really low offer, you may need to increase the amount of your offer – but not too much because you don’t want to overpay. Your agent will be able to give you some tips on how to increase your offer to make it more enticing to the seller. Using “comps” –  homes in your area that have recently sold and are similar in terms of square footage and features – I will be able to persuade the seller to see the appeal of your offer. As I negotiate, the situation may become stressful and may feel like it’s escalating quickly. You might even feel the urge to do whatever it takes to win. I’m there to help you keep some things in mind so that you don’t go overboard.
   • Your lender has given you a pre-approved amount that you cannot exceed.
   • You must never overextend your budget.
   • You need to be comfortable with your purchasing amount because even though you buy a home, you still want to be able to enjoy it. Besides, you need to remember that you’re not out of options yet!

2. Buy Your Own Home Warranty

   Sometimes home sellers offer prospective the buyer a home warranty. A home warranty is a plan that covers the cost of repairing major home appliances and systems, like the air conditioner or hot water heater, if they break down within a certain period (typically a year after closing). According to Angie’s List, a basic home warranty costs about $300 to $600 a year. If you want the home warranty, you can tell the seller they don’t need to cover it — then buy it yourself. Just keep in mind, whether you or the seller buy the warranty, you’ll need to pay the service fee (typically between $50 and $100) if something does, indeed, need to be repaired while under warranty. Also, FYI: A home warranty is entirely separate from homeowners insurance. Homeowners insurance — the security blanket that covers your home’s structure and possessions in the event of a fire, storm, flood, or other accident — is required if you take out a mortgage. It can cost anywhere from $300 to $1,000 per year.
3. Know When to Walk AwayIt’s important for you to trust your gut – and your agent – when negotiating with a seller. If your agent says a deal is bad for you, be sure to listen. If you’re negotiating and don’t want to make any more trade-offs, walking away would be the best option. Although it’s a tough decision to make, especially since negotiating is tough and exhausting, you need to know that a better deal is out there for you. And after walking away from a sour deal, you’ll know that next time you will have a more informed experience.

Are you interested in a late 20th-century property in 22033 in Fairfax County like 4400 Helmsford Ln #101? I can help. 

Properties in Fairfax $261,155 to $288,645

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If you want to work with a local, you should know that I was born in Fairfax. I raised my family in Fairfax County. I live in Alexandria VA and I love working in Northern VA.