A solvent buyer with plenty of savings usually will not need a large amount of additional funding when buying a home. This gives them a huge upper hand in the negotiation process. Gone are the days of selling a home in less than 14 days; in fact, it takes more than a year for most people to sell their home now. Some people think lowering the price of the home will ensure its sale, but this isn’t the case. It’s all about timing and proper management. If you are looking at buying a house listed for sale, here are some tips to ensure you get the property you want.
Negotiating is not haggling.
Let’s say you have identified the house of our dreams. Now is the time to make a bid and negotiate. It is essential to differentiate between bargaining and negotiating. Purchasing a home is not like haggling over some little trinket. Haggling only takes into account the price, and the negotiation comes into play when factors like payment terms are brought up. Other terms, like repairs and if the house should keep its original furniture, should also be negotiated.
Put yourself in the hands of an estate agency.
Trying to buy a home yourself is a mistake and a waste of time. It is best to place the process in the hands of professionals. Estate agencies are punctual, and they keep you informed of what’s new and can even guide you when you make your offer. In addition, when you submit an offer that is very aggressive, the agency warns you and gives you signals on how you can negotiate.
The urgency of the seller.
At present, the person is selling because they probably need to. Remember, the need for a homeowner to sell their home is more urgent than that of a homeowner to buy one, so they will be more open to listen to offers.
Aside from all this, it’s essential to examine the house in detail. Look at different houses with similar dimensions and the same price. See if there are schools, hospitals and pharmacies nearby as well. All of these offer a bonus to buying the home or removing it from the list of potential buys. For more information, contact your local estate agent.