Oftentimes, here's the hope: the seller signs off on your offer, cut out the dickering, and and you can ponder your choices with your new home.
And, every so often , it come ups like that. Of course, a number of sellers accept the first offer they gaze upon, and in Fairfax because of rationale known only to them.
On the other hand, end unit townhouse sellers are also known to reject offers for various rationale. Or make counteroffers. A counteroffer is possible if your offer is conditional or is a low-ball offer, or when there is more than one offer.
If the seller counters, it's now the buyer client's turn to either accept, continue negotiations or move on to the next end unit townhouse in 22033 in Fairfax.
When negotiates are underway, as your remarkable Realtor, I'll encourage you to email me. I will be your spirit guide for real estate like 4171 Rush St, if you decide that it's best to haggle 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 dream deal on your aspirational purchase. This is what I do each and every day.
During negotions, I'll provide advice but you'll provide direction and make important decisions. I’ll help you understand the negotiating conventions we will deploy. Those practices will vary depending upon the residence but in Northern Virginia there are some tried and true practices we deploy time and again.
In Fairfax, Virginia, let's examine some basics every home buyer should see when negotiations initiate:
Know When to Walk
When negotiating with a seller, trust your gut — and your agent. If he or she says a deal is bad for you: Listen.
And if you don’t want to make any more trade-offs — and the seller won’t budge — it’s smart to walk. That can be a tough decision to make, and rightfully so! Negotiating is tough. It’s draining.
And losing something you’ve worked hard to get can be disappointing. But don’t worry. There’s a better deal for you out there. And after those strong feelings of frustration pass, you’ll realize: Now I know how to do this.
Receiving a counteroffer is awesome! Did you know that you should respond to counteroffers within a 24-hour period? The reason is there are other prospective buyers and you would like to avoid another buyer from offering a better price than you. The longer you wait, the greater the chances of that happening. Additionally, you do not want the seller to withdraw the counteroffer because he/she sensed your hesitation, and you did not even get to respond to it.
- Reduce your Contingencies – With Caution
If you want to give your counteroffer a bigger boost, try reducing the number of contingencies you’re requesting. This puts you in a position that makes it difficult for you to back out, thereby reassuring the seller that the deal will likely close.
Make sure you exercise caution when you are reducing your contingencies. A home-inspection contingency allows you to have the home inspected so that you can request repairs or withdraw your offer. This protects you from buying a home with money-draining problems.
You could, however, waive a termite inspection if you live in a state where the risk is lower.
Many factors need to be considered when looking at waiving contingencies, such as your market, your loan program requirements, your risk tolerance, and the circumstances of the house in question. You must also keep in mind that if you waive contingencies and then you find a problem, the seller isn’t responsible for fixing it.
Are you interested in a enticing property in Fairfax like 4171 Rush St? I can aid. Talk to me.
4 beds, 4 full, 1 part baths
Home size: 1988
Added: 09/17/20, Last Updated: 09/17/2020
Property Type: End Unit Townhouse for Sale
MLS Number: VAFX1155094
Properties in Fairfax $628,000 to $728,000
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