A Few Conventions For Negotiating A Detached Home Purchase In Arlington

For most people, this is the goal: your offer is accepted, skip the haggling, and and you can instead focus on what you're going to do with your new residence.

Photo of 1511 N Abingdon St

And it may occur. Obviously, various real estate sellers accept any offer they gaze upon, and in 22207 because of a variety of reasons.

Without a doubt, real estate sellers are also known to reject offers because of rationale known only to them. Or make counteroffers. A counteroffer is more certain when you make a lowball offer, or when there is more than one offer.

If the seller counters, it's now the home buyer's turn to either accept, continue negotiations or move on to the next home in Arlington, Virginia.

When it's time to negotiate, as your real estate adviser, please contact me. I will be your personal pro for real estate like 1511 N Abingdon St in 22207 in Arlington County, say the word and I'll help you to wrangle with the seller. By this I mean that I will use my experience and negotiating prowess as we craft a series of offers and counter-offers to help get you the best deal on the detached home you really want. This is what I do every day.

At the same time, it won't be all me though. I’ll help you understand the negotiating practices we will deploy. Those conventions will vary depending upon the detached home but in 22207 in Arlington County here are some basics we come back to time and time again.

In 22207, let's discuss ideas every property seeker should see at the outset:

  1. Ask for Fewer Concessions

    Home buyers have to cover many additional costs at a mortgage settlement, such as closing costs for taxes, lender’s fees, and title company fees. Depending on your location, the closing costs will vary, but you can expect to pay between 3% and 4% of the home’s selling price. The seller pays an additional 1% to 3%. (You can use the closing cost calculator on our site to get an estimate of what your closing costs might be.)

    You have the option to ask the seller for concessions when you make your initial offer. This may come in the form of a cash settlement to help you offset your share of the closing costs, but this may not be feasible if the seller has received multiple offers on the property.

    Requesting concessions will ultimately lower the seller’s net proceeds from the sale. The seller may make a counteroffer that removes the concessions, which ends up putting cash back in the seller’s pocket and can improve your bid.

  2. Just walk away

    After lengthy negotiations, nobody wants to just walk away. But it’s important to keep in mind that your seller – and your gut – know what’s best for you when it comes to negotiating. If you have already made trade-offs and don’t want to make any more, and the seller won’t budge, you would be best to just walk away.

    Walking away from the negotiations that you’ve worked so long and hard on can be very difficult, but your agent can help you understand that there is a better deal out there. If your gut is telling you not to settle – just walk away. After your feelings of frustration pass, you’ll realize that you know how to negotiate and how to take control of the process, whether it means walking away from the next one also, or accepting the offer.

  3. Demonstrate Patience About Taking Possession

    Depending on the seller’s timetable, changing your proposed possession date — the date you take over the property — could butter them up, too. If the seller wants to stay in the home for a few days after closing, try offering a later possession date. You could also draw up a “rent-back” agreement, meaning the seller pays you rent for staying in the home for a set period of time after the closing date.

Photo of 1511 N Abingdon St

Are you interested in a compelling residence in Arlington, Virginia? I can assist. 

5 beds, 5 full, 1 part baths

Home size: 3370

Added: 01/03/20, Last Updated: 01/16/2020

Property Type: Detached Home for Sale

MLS Number: VAAR157904

Subdivision: Waycroft

Properties in 22207 $1,774,000 to $1,874,000

3939 N Wakefield St

FRONT PORCH LIVING YET MINUTES TO DC!! Great Price Reduction on this Idyllic North Arlington Home on Quiet Street yet Minutes to DC!! Beautiful Wrap Around Front Porch with Flagstone Floor and Bead Board Ceiling sets the Welcoming Tone for this Light Filled Craftsman Farmhouse. I No detail has been overlooked in the design and execution of the open floor plan. First Floor Library with Custom Built Cabinetry has adjacent Powder Room which can be converted to a Full Bath for a Main Level Suite. Rooms flow together perfectly for Entertaining with a Spacious Dining Room overlooking Backyard and featuring easy access to both Living Room or Great Room. Gourmet Kitchen is a Wow Factor! Wolf and GE Monogram Appliances anchor a huge Island with tons of Counter Space plus a Walk-in Pantry. Breakfast Area at Bay Window is Private, Sunny and part of Great Room with Gas Fireplace and French Doors onto Backyard Deck. Mudroom with Built-in Storage and Charging Areas leads to Oversized Two Car Garage. Upper Level is accessed by a Wide Staircase with Custom Wainscoting and features a Wonderful Master Suite with Multiple Closets plus a Sitting Area with Fireplace and Shelving. Master Bath is an Oasis with Huge Shower, Dual Vanities, Private Water Closet and Separate Tub. The Three Additional Bedrooms on this floor include closets with custom storage systems. The Upper Level Laundry is conveniently located, and a Big Linen Closet provides additional Storage. The Custom Wainscoting extends down the Stairs to the Lower Level Landing and into the Large Rec Room with Bar Area. Media Room with Tiered Seating as well as another Bedroom and Full Bath are located on this level which also has a Spacious and Sunny Entry Way to the Backyard [None Available$1,869,000]

1720 N Quebec St

Coming Soon in Cherrydale. New home currently under construction, built by Enhanced Homes with an expected delivery of June 2020! This 5,400 square foot home will feature 5/6 bedrooms and 5.5 bathrooms on 3 levels. Currently still time available make this home your own by customizing all selections and finishes throughout. Features include hardwoods throughout, a basement wet bar, gourmet kitchen with a Thermador appliance package, large separate dining and multiple flex spaces throughout the home. All upper bedrooms include en-suit baths and walk-in closets. Fantastic location, walk-able to the Ballston/VA Square metro and just a few minutes from DC and Clarendon. Contact today for additional specs/finishes and learn more about working with Enhanced for your custom home. [Cherrydale$1,785,000]

5821 25th Rd N

**TO BE BUILT** Choose your own paint colors and finishes as you CUSTOMIZE this 5,800+ sq ft, 6 Bedroom, 6.5 Bathroom, 4 level, Modern Farmhouse style home in sought after North Arlington. Expected completion Summer 2020. Gourmet eat-in kitchen open to Great Room, main level en suite guest room, and separate Office. Large master suite with sitting area and his-and-hers walk in closets. Spacious master bath includes double-sink vanity and soaking tub. 3rd floor private en suite bedroom perfect for an au pair! Generous basement includes recreation room, exercise room, wet bar, and en suite bedroom. Located conveniently between McLean, Arlington, and the GW Parkway. Just blocks to local schools. NOTTINGHAM ES, WILLIAMSBURG MS, YORKTOWN HS. [Norwood$1,795,000]

4831 Little Falls Rd

Like new but better! Deceptively large home, lived in for only a few months. Owners have installed window treatments, landscaping, and patio. FOUR fully finished levels perfect for entertaining or just having space for everyone. The fourth level loft is complete with a full bath for guests, au pair, studio or office. White cabinetry opens to an eating area, family room, and screened-in porch. Fenced back yard for pets and entertaining. ++Yorktown Highschool, Williamsburg Middle and Jamestown Elementary++, plenty of non zones street parking. [Yorktown$1,774,900]

4432 17th St N

Enhanced Homes invites you to fully customize this 5,600 square foot, beautifully designed new build by architect Thomas French. Located in the heart of Waverly Hills on a large and incredibly deep flat lot with quick access to the Ballston Metro or Rt66. Features include 10 foot ceilings on the main, a full basement bar, a gourmet kitchen with a large breakfast nook and separate dining as well as multiple flex spaces throughout the home. Construction to start late Spring of 2020 with an expected delivery late in the year. Contact today for additional specs/finishes and learn more about working with Enhanced for your custom home. [Waverly Hills$1,850,000]

3198 Pollard St N

Well-appointed brand new custom home in Bellevue Forest! Nearly 5,000 finished sqft. Still time to customize everything from exterior colors, to floor plan, to finishes. Expected delivery is Spring 2020. McMullin Homes Owner/President lives and builds locally in Arlington, and oversees every details of construction himself. References and builder-walk through available upon request. Please visit NewArlingtonHomes [dot] com for details on quality of construction materials, planned finishes, neighborhood info, builder info, and more! [Bellevue Forest$1,798,000]

Nesbitt Realty is a family-run real estate brokerage located in Northern Virginia.

 

Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.