Conventions For Home Buyers Negotiating A Real Estate Purchase Like 1881 N Nash St #2309 In Northern Virginia

Oftentimes, this is the goal: the offer is perfect, don't bother with negotiation, and instead you can spend your valuable time worrying about paint colors and moving companies.

Photo of 1881 N Nash St #2309

And, sometimes it does develop. Indeed, collected sellers accept any offer they get, and in 22209 in Arlington County for various rationale.

Conversely, home sellers are also known to reject offers for a host of reasons. Or make counteroffers. A counteroffer is possible if your offer is conditional or is a low-ball offer, or when there are multiple offers.

If you do receive a counteroffer, it’s up to you to decide whether you want to accept the new contract, negotiate the terms, or walk away.

When it's time to negotiate, as your reliable agent, please contact me. I will be your trusted adviser for real estate in 22209 in Arlington County, when you think it's your home, then I'l help you to bargain 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 great deal on the home of your dreams. This is what I do every day.

During negotions, you’re not just going to sit there. I’ll help you understand the negotiating rules we will deploy. Those tactics will vary depending upon the residence but in 22209 in Arlington there are some tried and true practices we deploy time and again.

In 22209, there are an abundance of conventions every home buyer should know when negotiations start:

  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. You should know what to do after you receive a counteroffer.

    When you receive a counteroffer, it is ideal if you respond to it within 24 hours. In this way, you are avoiding the situation of another buyer offering and even getting the property rather than you.

    Also, there is a chance that the seller may withdraw the counteroffer if they sense the slightest hesitation after making it; and there may not even be a chance for you to respond.

  3. Be Patient about Taking Possession of the Home

    Depending on the seller’s timeline, being patient about the proposed possession date may butter them up a little. If the seller wants to remain in the house for a period of time after closing, you can consider pushing back the possession date. You could also have the seller pay rent for the period of time they remain in the house after closing, which would be done by drawing up a “rent-back” agreement.

Are you interested in a $2,969,000 3-bedroom residence in Arlington County like 1881 N Nash St #2309? I can help. 

3 beds, 3 full, 1 part baths

Home size: 2655

Added: 01/24/20, Last Updated: 01/26/2020

Property Type: Penthouse for Sale

MLS Number: VAAR158068

Subdivision: Rosslyn

Contact us to get a free no obligation list of similar properties or to be notified when properties become available with your criteria.

Will Nesbitt
Will Nesbitt

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.

 

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.