We love helping real estate buyers to locate the perfect property. But we love even more the ways wherein we may help them to purchase it at the very best price with the very best terms. Occasionally negotiations are not all price. A great contract can imply other seller concessions that create the right deal for our buyer clients. Real estate market data How may you be expected to make price offer decisions in a vacuum? Compass Rose Realty spends a great period of effort and time in collecting market data to help our buyers in their negotiation prices. This data involves not only sold property prices by neighborhood but additionally, current listing prices to determine the competitive nature of the market.
This data is very thorough, and it call a Comparative Market Analysis. There are two parts, the comparison of the property you are considering to comparable properties lately sold in the nearby area. This gives us a firm grip on what's happened in the near past, but by nature, it's past data, therefore probably not accurate for the market as it's when you are in negotiations. We then do another CMA process on the currently listed properties most like the one under consideration and in the same neighborhood or nearby. This gives us a current market snapshot in order that we may adjust our valuation model and our offer to reflect the current market situation.
Thorough knowledge of your situation Only through constant communication we may advise you properly in pricing negotiations. By understanding your motivations and financial capabilities, we may help you craft a price negotiation strategy with the highest number of success. Seller motivation research While it's not always legally possible to determine why someone is selling, there are things we may glean from their listing and price activity which will allow us to assist you to negotiate from a position of strength. It's not all money There are so many ways to negotiate a real estate deal, plus they do not always involve money.
Probably the seller does not have plenty of capability to work with you on price, but they could make other concessions that could cause a deal. We assist you to take the best approach. It's not over till it's over Many real estate price negotiations involve more counter offers and lots of back-and-forths. Were with you with every counter offer to adjust your negotiation strategy accordingly. Since we cannot know the seller's financial limitations in many deals, some buyers are euphoric when they cut a major inexpensive deal on a home, but then after inspections, they hit a brick wall in negotiations with the seller related to repairs.