Some Nuggets Of Wisdom For Home Shoppers Negotiating A Next Residence Like 2311 Chestnut Hill Ave

For many home hunters, this is the hope: the seller accepts your offer as-is, cut out the dickering, and and rather you can turn your attention to your and you can ponder your detached home.

Photo of 2311 Chestnut Hill Ave

And, every so often , it arises like that. Obviously, various real estate sellers accept any offer presented to them, and in Falls Church because of a variety of reasons.

We know that, real estate sellers are also known to reject offers in consideration of various rationale. Or make counteroffers. A counteroffer is particularly possible if your offer is very low, or when you’re up against multiple competing offers.

When you receive a counteroffer, it's your choice. You can accept, continue negotiations or move on to the next detached home in Falls Church, Virginia.

Will Nesbitt

When it's time to negotiate, as your agent, please email me. I will be your spirit guide for real estate in Falls Church, Virginia like 2311 Chestnut Hill Ave, if you decide that it's best to wrangle with the seller. By this I mean that I will use my experience and negotiating patience as we craft a series of offers and counter-offers to help get you the great deal on the home of your dreams. I have done this many times, and I can do it for you.

At the same time, you'll be a driver and not a passenger. I’ll help you understand the negotiating basics we will deploy. Those rules will vary depending upon the dwelling but in Northern Virginia there are some tried and true practices we deploy time and again.

In 22043 in Fairfax County, there are conventions every home buyer should know from the outset:

  1. Increase Your Earnest Money Deposit

    Your earnest money deposit, or EMD, is the amount of money you put down when buying a home. Increasing this amount of money shows the seller that you’re more serious about the sale. Offering 3% to 4% as an EMD instead of the typical 1% to 3% may be what it takes to persuade the seller to side with you.

  2. Don’t ask for so many Concessions

    When buying a home, the buyer has to cover many costs besides just the cost of the home or mortgage. These include paying closing costs for taxes, lender’s fees, and title company fees. Although closing costs will vary by location, you can expect to pay between 1% and 3% of the home’s selling price. The seller will pay an additional 1% to 3%. Using our site’s closing cost calculator can help you get an estimate of what you can expect your closing costs to be.

    When you make an offer on a home, you can ask the seller for concessions, which may include a settlement paid in cash to help cover some of your share of the closing costs. Asking for concessions can’t hurt, but it may not be feasible if you’re up against several offers.

    If the seller gives you concessions, their net proceeds will ultimately be lower. The seller may make a counteroffer that removes the requested concessions, but this will put money back in the seller’s pocket and can improve your bid.

  3. Receiving a counteroffer is a very serious matter, and that is why you are advised to respond to it within 24 hours after you receive it. This prevents other buyers from from making an offer and ‘stealing’ the property from you.

    There is also the issue that the seller may withdraw the offer before you respond if he/she senses the slightest bit of hesitation.

Will Nesbitt
Will Nesbitt

Are you interested in a example of dwelling in 22043? I can help. 

5 beds, 4 full, 2 part baths

Home size: 4283

Added: 10/03/20, Last Updated: 10/03/2020

Property Type: Detached Home for Sale

MLS Number: VAFX1158638

Subdivision: Chestnut Hill

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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.