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How to Negotiate for Your Dream Home

Handshake on house outdoor background as real estate deal or sale concept

Like any homebuyer on the hunt for their dream house, we know how important it is for you to get the best deal out there. When it comes to any real estate transaction, negotiating is key.

Due to listings being easily accessible online, most buyers think it is much easier for them to negotiate on their own. Enlisting the help of a seasoned sales representative is actually crucial in bagging a desirable term on a property. We tell you why and more in the entry below.

Sales representative possess knowledge and experience

A seasoned sales professional is armed with knowledge and experience to get the best deal on a property. This is, after all, what they do for a living. As a buyer, you have to understand that your sales representative works for YOUR team and not the other way around. Sales representatives do not work to short change you on any transaction.

It is important that you openly discuss matters of finances with a sales representative who can help you find a property according to what you can afford.

Get your finances in order

We know a house is a huge commitment and a big purchase that is why it is important to get your finances straight before even beginning to shop around. Make sure to set a realistic budget – demanding for a mansion with a limited budget can only lead to frustrations.

Make sure to talk this out with your sales representative, they will be able to help you find the best deals and understand the other costs that come with buying a home.

Base your offer on home value

Just because you are on the lookout for a new home doesn’t mean you can short change the market. Make sure to make an offer based on the value of the property. Of course, sellers are prepared to negotiate but will also shoot down any offer lower than what their property is worth.

Learn to move fast

This is where all the preparation will pay off. Sometimes, the real estate market moves fast – and you have to move faster. If you have settled matters of finances early on, you can make proactive offers based on your capacity without taking much time.

Buyers are eager to sell their home to the person who can give them the offer they deserve at the soonest possible time.

Find out what motivates the seller

Knowing more about the seller and what motivates them to sell their home helps you create a tailored offer. Remember, these sellers talk to many prospective buyers on a regular basis. If you make an effort to get to know them and understand why they want to sell their home, the more your offer will stick out.

A home is not an easy possession to sell. Make sure to understand and respect the terms given by a seller to increase your chances of closing a sale.

These are only a few tips to help you negotiate for your dream home. Always keep in mind that the real estate market has no place for low ball offers. If a price is too low (and too good) to be true, chances are, it is.

 

Enlist the help of veteran real estate professionals Daniel and Bonnie Wan. Their winning partnership has closed many deals based on transparency and integrity. Find your dream home today by calling 905-883-8888.

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