“The premise or foundation for negotiation is looking at the data and the black and white of it all; then it becomes this dance of personalities — the two agents and the parties of buyers and sellers.” ~Allison Turk, realtor associate at EWM
The saying goes, in real-estate everything is negotiable. But why? Because there is a constant battle among the buyers and the sellers to cut down the cost or to charge a premium for the place.
What you can do in this, is to equip yourself with some know-how before you buy the place. The good news is, you have landed in this blog, and here you will be given some basic real estate negotiation tips that can help you take the best deal.
If you don’t ask, you don’t get:
The biggest mistake buyers make while negotiating the deal is selling themselves short. Despite the market being short, you can still ask politely for repairs. It won’t hurt a bit, plus it is okay to ask for repairs before you shift in the house. You won’t be able to ask for things once you shift in the house. So, it is better to make things clear right from the start. If you have any doubt about anything, clear it up. It is good to know things first-hand than exploring them later on.
Figure out why the selling is shifting:
The more you know the seller, better it will help you to negotiate. Does the seller found a new place? Or the seller is having a divorce. Is there an issue with the place? Or the seller is genuinely moving to a new place.
Do the research first:
Still confused, to buy or not to buy? Do your online research. Real-estate agent or even custom home designs companies in Melbourne will tell you the details to an extent, after that you need to do the necessary research yourself. You need to figure out what people are saying about the place you are about to buy.
Don’t misjudge the place by the décor:
Décor can be deceiving. You can always change the décor later on. The windows, the carpet, or even the countertops can influence your buying decision, but make sure you don’t go that way. It is best to look at all the pros & cons of the place and then decide.
If you’ve found your dream home, move fast:
If you found what you’re looking for, move fast. No need to wait for the proper time. You can move right when you found your dream home. The faster you close the deal, better it will be for you. Some real-estate agent use urgency as a tactic, don’t make them control your decision. If you love it, go for it. If not, leave it.
To Wrap Thing Up
When it comes to buying a place, it is best to go with something that you will not regret. The sellers often make this mistake of buying the property that they don’t love. If you can close your eyes and see yourself in the property enjoying, then sure go for it.
If your gut tells you to go for the property then sure go for it. But never ever make the mistake of buying a property just for the sake of price and maintaining the standards of the society. Because you will regret it later on.