A show of hands - Who considers themselves to be a skilled negotiator able to navigate a complex transaction, keeping sight of the big picture while remaining acutely aware of the pitfalls in the details? If you are like most people, your hand will be at your side right now. Why? Because the ability to negotiate and maneuver through a transaction as complex as buying or selling a home requires knowledge, experience, confidence, and specialized market information. This is why I strongly recommend partnering with a professional real estate agent whenever you decide to buy or sell your home.
In the event you are buying a home, and you are considering making an offer, here are a few tips you can use to your benefit during negotiations.
Remember that negotiating is very much a people game. Emotions run high, unforeseen or unimagined factors play into the process, and people can and do make decisions that fly in the face of all rational thought. Prepare yourself for this reality and ensure that you maintain your composure at all times, especially when in the presence of the seller...
Extensive, useful public documentation is available from your real estate agent. Any quality agent should be able to quickly provide you with prior deeds, mortgage notes, liens, plus tax and assessment information. Discovering that your seller purchased the home two years ago for $100,000 and is selling this year for $175,000 should raise a red flag to you. Was the home purchased as an investment, did the seller perform extensive updates, or did the seller get an incredible deal? You need this information prior to making an offer.
Study the immediate market around the home in great detail. You do not want to purchase the most expensive home in the neighborhood in this market. Ask your agent to provide all comparable properties, to calculate absorption rates, and to help you analyze the broader market looking at foreclosure rates, length of time on the market for comparable properties, and you may even want to preview other homes in the area just to compare condition and pricing.
Research local amenities and schools. Even if you do not have school-age children or if you are not a big shopper, you need to know exactly what the area has to offer because when you decide to sell your future buyer may find this information critical. Don't overpay for a home that is in an area isolated from amenities, or one that is in a questionable school system.
Most importantly, remain calm, cool, and collected. Approach the negotiations with your objective hat on, and leave your emotions behind. Your emotions played a role in helping you find your new home, but they can work against you during negotiations. The seller is counting on your emotions getting ahold of you and causing you to agree to a higher price. If you have trouble with separating objectivity and emotions, confide this to your real estate agent and rely on them to help you think through the process.
I hope these tips help you when you are negotiating for your new home! For additional information, or and even more detailed look at real estate negotiations, give me a call...
Joe Hayden is a real estate Realtor based in Louisville, KY. You can contact him and search for Louisville Real Estate through his website.
Here we are in another year in Louisville, KY! Louisville starts this year firmly in a real estate buyer's market, and it looks like that may remain the case for the next several months. What this means for sellers of real estate is that they must give great consideration to condition of their home and pricing to be competitve, or sellers may even consider waiting the market out before putting their home on the market. What it means for real estate buyers is that they must do everything in their power to position themelves to purchase a home while the market is down.
If you have any questions about the market in Louisville, or if you would like expert guidance when buying or selling your Louisville home, please contact me at anytime and I will provide you excellent, professional service...
One great thing about my job is I get to look at a tremendous variety of real estate for sale in Louisville, KY. People ask me all the time... Is there property to buy in Louisville? What is an MLS search? Where do I find luxury homes for sale in Louisville? Can you find me a home in Old Louisville? What if I want to do a Louisville, Kentucky real estate property search?
Better yet, where can I buy land for sale in Louisville? Do you know how to use a free MLS search? As an investor, where can I find investment properties for sale in Louisville? I just want to buy a house in Louisville, can you help me? Is real estate in Louisville, KY a good buy in this market?
I give them all the same answer... Contact me today and let me help you with all of your real estate needs. I guarantee you will be satisfied with my service!
Thinking of buying a home in Oldham County, KY? Let me suggest beginning your search on my website, Louisville, KY MLS Search. Now, why would you search for a new home in Oldham County on a website titled Louisville, KY MLS? Because Oldham County is part of the Greater Louisville Association of Realtors and all Oldham County listings of homes for sale are found on the MLS in Louisville, KY.
Not only will you find access to all homes for sale in Oldham County on my website, you will also find great information for both buyers and sellers of real estate in Oldham County. If you are a first time home buyer, you will find lots of information designed to help you make smart decisions about buying a home. If you are relocating to the area you will find information about the excellent Oldham County school system on the Community pages. There is something for everyone searching the MLS for a new home in Oldham County, KY on my website!
Please feel free to contact me at anytime for help with using my website, or with all of you real estate questions related to buying or selling a home in Oldham County.
I want to introduce to you my new and improved website you can use to search the MLS Louisville, KY for Free! It has all of the powerful search features you've come to expect when browsing for your new Louisville home with the added bonus of greatly reduced search times. You will be able to much more efficiently locate your perfect new home at your leisure.
In addition, there is a new and improved Property Tracker feature that allows you to save your favorite homes, save complete searches, and automatically have the system keep an eye out for the latest postings on the MLS in Louisville. This incredible tool will give you an edge in the market and allow you to act fast when quality homes appear...
As always, you can contact me, Joe Hayden Realtor, and I will be very happy to help you search the Louisville, KY MLS for your new home!
Nice, Updated Home at 2116 W Madison Louisville, KY 40211 for Sale!
No Longer Listed by Joe Hayden, Realtor
(Not a Current Picture, Does Not Reflect Exterior Updates!)
This home was extensively updated in 2006. New siding, a new roof, new HVAC, a new water heater, replacement windows, plus numerous interior updates were all done at the time. This home has four bedrooms and two full bathrooms. It is currently a rental at roughly $850/month, and could make a nice investment property. This home is a possible short sale so you are encouraged to submit an offer.
The home is in fair condition requiring paint, carpeting flooring, and minor carpentry updates.
Newer Home for Sale at 623 S 19th St Louisville, KY 40203
No Longer Listed by Joe Hayden, Realtor.
This three bedroom, two and a half bathroom home features an open floor plan and a full unfinished basement. The basement has a rough-in for a full bath. The home currently is a rental at roughly $850/month, and could make a good investment property. The home is a possible short sale, so you are encouraged to make an offer.
The home is in fair condition requiring paint, carpeting, and flooring updates.
The Home at 621 S 19th St in Louisville, KY is for Sale!
No Longer Listed by Joe Hayden, Realtor.
This two year-old home features four bedrooms and three full bathrooms!! It has an open floor plan, plus a full unfinished basement. Currently, it is rented at approximately $850/month. It could make a nice investment property. In addition, the home is a possible short sale, so we encourage you to submit an offer on the home.
The home is in fair condition requiring paint, carpeting, flooring, and minor carpentry work.
Home for Sale at 619 S 19th St Louisville, KY 40203!
No Longer Listed by Joe Hayden, Realtor
This home is two years old and features three bedrooms and two and a half bathrooms. It is currently rented for approximately $850/month and could make a nice investment property. This home is a potential short sale so all offers are encouraged and welcome.
The home has a full basement that has plumbing roughed-in for a full bathroom. The home is in good condition requiring minimal updates to move in...
Offered for Sale by Joe Hayden, Realtor. Contact him today for more information or with any other real estate questions.
This home is currently occupied as a rental property, but could easily make a great home for an owner-occupant. The home has three bedrooms and two and a half baths, a nice, open floor plan, and a full basement with a rough-in for a full bath.
The home rents for approximately $850/month and could make a nice investment property. The home is a possible short sale, so we encourage and welcome all offers. The home is in fair condition needing paint, carpeting, flooring, and minor carpentry updates.
Offered for sale by Joe Hayden, Realtor. Contact him for more information about the home, or with any of your real estate questions.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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