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.
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:
- 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.
- 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.
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.
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
Properties in 22207 $1,774,000 to $1,874,000
Nesbitt Realty is a family-run real estate brokerage located in Northern Virginia.