Special offer

NEGOTIATING ROOM? OR NEGOTIATING STRENGTH?

By
Real Estate Broker/Owner with The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY REB.755648

So Mr. Seller, you want to price your house so you have "room" to negotiate with a buyer? The problem is, the amount of room you want as a buffer may make the buyer think you're just not serious enough to start negotiations with. 

If you have negotiating room between your asking price and the actual value of your home, trust me, the buyer knows it. They've probably looked at a lot more homes in your price range than you have!   

                   houses for sale

The alternative is to negotiate from a position of strength!  If your house is priced exactly where it should be, the buyers will know that too.  If your house is the house they love, and you are priced where you should be, you can take a strong stand in your negotiations. And if they love it, and know the value is there, they'll pay it.Man with barbell

So let's consider your pricing again.

Do you want to have negotiating room, or negotiating power?

Posted by

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Serving the North Central Connecticut region, Hartford County, and the communities of Windsor, Bloomfield, Hartford, East Hartford, South Windsor, Manchester, Windsor Locks, Suffield, Enfield, East Windsor, Somers and the Granbys...

Opening Doors to Home Ownership . . . The Master's Key . . .

Residential Sales, Short Sales and Foreclosure Prevention, Multi-Family and Investment Properties, Condominium and Property Management

Lisa Orme on LINKED INRealtor logoThe Master's Key Realty fan page           LISA ORME        Lisa Orme on TWITTEREqual HousingRSS

 

Licensed in the State of Connecticut, ABR, CRS, GRI, PSCS, SFR, Notary Public, Lic. #REB.755648

 Broker/Owner of The Master's Key Realty LLC, 340 Broad Street, #320, Windsor, Connecticut 06095

To contact Lisa, call 860-688-1400 or send an e-mail to lisa@masterskeyrealty.com

Copyright, Lisa Orme, 2010.  All rights reserved.

Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Lisa - great approach, and it appears you're willing to take it.  Too often I see listings way out of price line and comps and when I talk with the listing agent they say something like ..."Yah, I know it's too high ... but that's where they wanted to start, we'll bring the price down in a few weeks."  In the meantime, the buyer has gone elsewhere, the listing is no longer fresh, the price has been reduce and the questiion is:  Will they reduce it more?  Thanks for sharing!

Jul 19, 2010 11:04 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

And if the buyer's agent has any sense, he/she will quickly determine whether the buyer is more interested in negotiating or buying a home. 

Jul 19, 2010 11:13 AM
Mary Kay Irving
Thompson Daviau Realty - Boulder, CO

Love it.

Jul 19, 2010 11:59 AM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Lisa~  Yes, it can be very frustrating if it is your listing.  By the same token, if you have the buyer, just get them to make a offer close to what they feel it is worth!

Jul 21, 2010 11:10 AM
Lisa Orme
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY - Windsor, CT
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu

Jack--Yes, this has worked for me, although my closing question is a little bit softer.. 

Jul 21, 2010 02:46 PM
Lisa Orme
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY - Windsor, CT
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu

Lenn- You're absolutely right--and that's a whole other discussion about not playing around in negotiations, but just BUYING if we're going to BUY and SELLING if we're going to SELL.

 

Jul 21, 2010 02:47 PM
Lisa Orme
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY - Windsor, CT
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu

Mary Kay--Glad you liked it...thanks for stopping by...

Jul 21, 2010 02:47 PM
Lisa Orme
The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY - Windsor, CT
Broker/Realtor, ABR, CRS,GRI, PSCS, SFR, Notary Pu

Vickie--Surely buyer's agents should get their buyers to make an offer if they like the house. I'm just trying to give the seller a strategy to see more buyers, and get that offer in sooner...

Jul 21, 2010 02:49 PM