The prospect of finding the home you've always dreamed of can be such an exciting time that it's easy to forget all about the process of negotiating. However, it's important to keep a few things to yourself when it comes to the art of making the deal. If you're currently searching for the right place and preparing to sign on the dotted line, here are a few phrases it's best to avoid.
Declaring It Your Dream Home
There's nothing wrong with finding the ideal home and getting enthusiastic about the prospect of owning it. But it's very important not to say too much to the homeowner or the homeowner's agent. While it's certainly welcome to be a polite home viewer and mention some of the features you like, giving away too much will inform the homeowner of just how much leverage they have with you. This can mean they may request a higher price since they know how interested you are.
What You're Willing To Pay
It might seem up front and honest to declare the price range that you're willing to spend on a home. But if a homeowner knows what your limitations are, they'll likely push you past them. While you may be willing to pay more for a home you truly love, it's important that you're investing a reasonable amount into the home and not paying much over market value. Instead of being too forward, keep your offer to yourself until it's on the table.
Critiquing Their Price Point
If you're truly interested in a home, it can be pretty difficult to realize that it's not within your price range. However, it's unnecessary to mention this to the buyer as it's entirely possible that the price is comparable to other homes of a similar style in the neighborhood. After all, there's always a chance that the home will stay on the market and drop down in value, and this may be the point at which you can get your foot in the door.
When it comes to buying a home, the process of negotiating can be fraught with stress for many people. However, it's important to keep your price range and your impressions to yourself so that you can get the best deal possible. Benchmark Mortgage
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