Thinking about making an offer on a house without a real estate agent? Nervous about negotiating the best house price in this crazy economy? I don't blame you. When it comes to buying a home, negotiation can mean the difference between a few thousand dollars and tens of thousands of dollars. It's stressful and scary, especially if you're doing it without an experienced real estate agent. Negotiating a home selling contract in this current real estate market is also financially tricky. This is where an experienced agent who has sold in times of real estate booms and past real estate slumps can save you more than the commission you pay them.
For those brave enough to consider making an offer without a buyer's agent, here are a few tips on negotiating house price:
Negotiating House Price Tip #1: Arm Yourself with Information
The most important information is a Comparable Market Analysis (CMA), which is a neighborhood survey of the similar and recently sold homes in your neighborhood of choice.
Negotiating House Price Tip #2: Figure Out the Seller's Motivation
Seller's-- Want to reasons and Seller's--Have to reasons
Negotiating House Price Tip #3: Don't Waste Time
Buying a home can be super stressful. You don't have time to waste with sellers who won't budge and you shouldn't waste the seller's time with a low-ball offer.
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