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Would You Like Fries With That House Negotiating A Counter Offer



W


hether you are selling        don’t even have to deal with it   
or buying a home, the         directly- leave it to the         
listing price is agonized     realtors.                         
over from start to finish.                                              
Realtors will advise sellers of       Many homebuyers and sellers       
the comparative market analysis       choose to work with realtors for  
and hopeful “For Sale Buy Owners      this very reason; they can let a  
(FSBO)” will crash open houses        professional negotiate terms and  
trying to set just the right sale     deal with tedious paperwork.      
price for the home. Buyers will       Realtors report that most         
decide what they want and what        counter-offers may be issued to   
they can afford; then seek out        negotiate: a higher price (total  
realtors they believe can find a      consideration), a different time  
bargain. But despite all that         frame, paying service providers,  
planning and agonizing, realtors      a change in closing date, money   
report that a large percentage of     down, or amenities included in    
offers result in counter-offers.      the sale. According to the        
What do you do then?                  National Association of Realtors, 
                                      people include anything from      
Rejected? Not Really                  curtains to several thousands of  
                                      dollars in their counter offers.  
Realtors will tell you that some      Realtors in various states can    
homeowners take a low offer on        educate you on laws governing     
their house a bit personally.         counter-offers. There could be    
While that may be true, counter       one or five in a given situation. 
offers are generally a reasonable                                       
way of negotiating the price the      Deciding whether to dicker over a 
buyer wants to pay, with what the     couple of thousand dollars, or    
seller wants to get. And unless       who will keep the appliances, can 
you went the FSBO route, you          be a decision that throws first   



time buyers or sellers into a         more earnest money, or the        
frenzy. Keep these tips from          exclusion of some personal        
professional realtors in mind.        property. Realtors will tell you  
                                      that the seller is not required   
Keep Your Eyes on the Prize           to respond to an offer at all.    
                                      But if the realtors involved      
Realtors say that the homeowners      understand that both parties      
who are happiest with their           really want this sale to work,    
buying and selling experience         they will communicate that and    
were flexible, but had clear          help work out a mutually          
priorities. For example, realtors     beneficial deal. Yet another      
recommend that you have an            reason that homebuyers and        
acceptable range around your          sellers need to choose realtors   
listing price that you will feel      carefully. Try to view            
good about selling the house for.     counter-offers as an opportunity  
(Or paying for it). Then be           for both sides to get what they   
flexible. Maybe the offer is $2       want, and to leave the table      
thousand lower than the seller        happy.                            
wanted. This is a good time for a     

                              
counter-offer that could propose      




About the Author:

John Harris is a researcher and writer on applicable real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit Poway Homes for Sale


Read more articles by: J Harris

Article Source: www.iSnare.com


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    Would You Like Fries With That House Negotiating A Counter Offer