Negotiating Best Home Price
Okay ! You found a house you love in your target neighborhood. Now what ?
Let's assume some numbers so we can discuss the situation:
You found a 4 bedroom house at 134 Harbor Pl., 10 years old and 20 minutes from your job.
The asking price is $155,000.
You have $33,000 cash in the bank.
You've been pre-approved for a $120,000 mortgage loan.
You've done your homework and set your price range at $130,00 to $150,000
At $155,00 the asking price is $5,000 above your price range but you really want the house.
You could offer your top price of $150,000, but what do you do if the Seller refuses that offer ?
Steps to establishing a negotiating position:
-Evaluate the Seller's asking price.
-Ask your agent to prepare a Comparable Market Analysis (CMA) to review neighborhood selling prices.
-HomePrice.Net provides a comprehensive analysis of home prices, plus school, crime and other neighborhood information.
-Consider other negotiating points.
-Decide how much to offer and on what terms.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment