Negotiating Tips when Buying Condos for Sale in Bridgewater NJ
Last week we discussed the preparation you need when buying condos for sale in Bridgewater NJ. In this article, we will discuss how to make an offer and how you can successfully navigate a negotiation.
The negotiation can be one of the most disconcerting aspects of buying a home. As the buyer, you want to find the lowest possible price the seller is willing to accept and at the best terms. Having done your homework, you are better prepared to negotiate a deal that will be satisfactory to both you and the other party.
Consider these suggestions:
1. Base your offer on the home value to avoid giving an extremely low offer. This is where your knowledge of the current market trend comes in handy. For example, if you are interested in one of those gorgeous Glenbrooke condos in Bridgewater NJ, use the information you’ve gathered on the comparables in that area to come up with an offer (or maybe ask for a discount if you are paying cash). Remember, there is a fine line between a fair offer and an insulting one. If you offend the seller with your lowball offer, they’ll never even enter into negotiations with you.
2. To make the seller more receptive to your offer, consider writing a personal letter along with your written offer. A written offer can help you avoid confusion and misunderstandings later on. It may include the items you want to be included in the purchase like the washing machine or any of the appliances.
You can connect with the seller by showing sincerity and sharing basic information about yourself and your household. Do this by writing a sincere personal letter along with your offer.
3. Make requests prudently. If you don't ask, you won't get anything, right? It also helps if you have an estimated cost of the necessary home fixes you’re going to take on for the home. You can use this as leverage during the negotiations. For example, you agree to the seller’s price, provided they will have the repairs done or you can offer to pay the full asking price if the sellers are willing to pay for closing costs.
4. Prioritize. Ask yourself, “What is most important?” Getting the lowest price for the home, getting the seller to make the needed repairs in the home, or having the seller shoulder the closing cost? This can help you decide on what to compromise on while holding out for the things that really matter.
Armed with this knowledge, you can bargain your way to a great new home. To know more about condos for sale in Bridgewater NJ, visit: www.CNJHomeFinder.com
For fast, stress-free and smooth home selling and buying transactions, or for any real-estate related concerns, call me, Michael Downer at (732) 302-1771. As one of the best real estate agents in Bridgewater NJ, let me help you find the home that suits you perfectly.
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