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Helpful Negotiation Tactics for Today’s Housing Market
If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.
Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.
What Can You Negotiate?
Most things in a home purchase are on the negotiation table.
Here’s a list of just a few of those options, according to Kiplinger and LendingTree:
Sale Price: The most obvious is the price of the home. And that lever is being pulled more often today. Buyers don’t want to overpay when affordability is already so tight. And sellers who aren’t realistic about their asking price may have to consider adjusting their price.
Home Repairs: Based on the inspection, a buyer is within their rights to ask the seller to make reasonable repairs. If the seller doesn’t want to do that, they could offer to reduce the home price or cover some closing costs, so the buyer has the money to take them on themselves.
Fixtures: Buyers can also ask for appliances or furniture to convey when the house changes hands. Having the seller throw in the washer and dryer cuts down on expenses the buyer would have when moving in. As the seller, you could leave your existing ones behind to sweeten the deal for your buyer, and get yourself new ones for your next place.
Closing Costs: Closing costs typically run about 2–5% of the home’s purchase price. Buyers can ask the seller to pay for some or all of these expenses to offset the cash the buyer has to bring to the table.
Home Warranties: Buyers can also ask the seller to pay for a home warranty. This is great for buyers worried about the maintenance costs that may pop up after taking possession of the home. And since this concession usually isn’t terribly expensive for the seller, it can be a good option for both parties.
Closing Date: Buyers can ask for a faster or extended closing window based on their own timetable. The seller can also advocate for what they need based on their move to find the right compromise.
One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you throughout the process. Your agent is your go-to for any back-and-forth. They’ll handle the conversations and advocate for your best interests along the way. As Bankrate says:
“Agents have expert negotiating skills. Without one, you must negotiate the terms of the contract on your own.”
They may also be able to uncover what the buyer or seller is looking for in their discussions with the other agent. And that insight can be really valuable at the negotiation table.
Bottom Line
Buyers are regaining a bit of negotiation power in today’s market. Buyers, knowing what levers you can pull will help you feel confident and empowered going into your purchase. Sellers, having a heads up of what they may ask for gives you the chance to think through what you’ll be willing to offer.
Want to chat more about what to expect and the options you have? Let’s connect with real estate professionals at KM Realty Group LLC in Chicago, Illinois.
#housingmarket#homeprice#sellahouse#buyahouse#realestate#homeprices#homes#realestateagent#realestateinchicago
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If you’re getting ready for the home selling process, then more likely than not, you have been through the home buying process at least once before. If you were surprised by the buying process’s complexity, this should be a fair warning that the home-selling process will not be any easier. On the bright side, this decade has been the most profitable time to sell a home. By taking the time to research the process of selling a home from start to finish, you will be sure to set yourself apart from other sellers in your area and maximize your profits.
There are several things we can do to help sell your home quickly and for the best possible price. First, we can assist you in pricing your home competitively by analyzing local market trends and recent sales data. Next, we can help you stage your home to make it more attractive to potential buyers. Additionally, we can create high-quality marketing materials, such as professional photographs and videos, to showcase your home's best features. We can also schedule open houses and private showings to generate interest and offers. Finally, we can negotiate on your behalf to ensure you receive the best possible deal.
Ready to Buy or Sell? Let's chat!
403-589-0004
www.thehowardteam.net
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#ClosingDay #MultiUnit #HomeSold #WinstonSalem #JessicaJBRealtor #NCRealtor #SellAHouse #MoneyMoves (at Winston-Salem, North Carolina) https://www.instagram.com/p/B7_y4CNlaww/?igshid=17ceq6iut8g0x
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If you are looking to sell or buy a home or know of anyone that wants to sell or buy a home, give me a call at 917.345.6506. #resultsarein #letsfindit #letsfindyouahome #makemeyouragent #iworkforyou #buyer #buyers #buyersagent #buyerslife #seller #sellers #house #homes #buyahome #sellahouse #sellahome #buyahouse #cribs #coldwellbanker #keepcalm #realestateagent #realestate #listthathouse #listthathome #callme #realestate #realestateinvestor #justlisted #listings #listing #listingagent (at Coldwell Banker American Homes) https://www.instagram.com/p/CjjZn6AMbKU/?igshid=NGJjMDIxMWI=
#resultsarein#letsfindit#letsfindyouahome#makemeyouragent#iworkforyou#buyer#buyers#buyersagent#buyerslife#seller#sellers#house#homes#buyahome#sellahouse#sellahome#buyahouse#cribs#coldwellbanker#keepcalm#realestateagent#realestate#listthathouse#listthathome#callme#realestateinvestor#justlisted#listings#listing#listingagent
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Real Estate Agents In Chennai
The real estate agent is a key player in the process of buying or selling a home. They are the one who knows all the paperwork and regulations, can help you find your dream house, negotiate on your behalf, and provide post-closing services.
Do you want to sell your home in chennai? When selling a house, it's important to have an experienced real estate agents on your side. Here are some reasons why you may need a real estate agent to help you sell your home:
If you are looking to buy a home in chennai and are not sure how much you can afford, a real estate agent will be able to help you find the perfect home for your budget.
A real estate agent can help you figure out what type of house is best for your family and what amenities are important to you.
A Realtor® can help make sure that your offer is accepted by the seller, which may lead to a faster closing date on your new home.
A Realtor® has knowledge of the local market and can provide information on neighbourhood’s that fit your needs and wants, as well as homes in those areas that have recently sold or have been put on the market.
A Realtor® knows all about mortgages, down
You may need an agent because you don’t have time to do all this research.
#realestateagentsinchennai#realestateagents#chennai#buyahouse#sellahouse#propertyadvisory#realestateinvestmentsinchennai#propertyadvisorychennai#twofoldproperty#sellyourproperty
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Move to what Moves you! Leah Payne is available to help you sell your house and step into a home that depicts your personality! Talk with her about your dreams. Call & mention ad #ChapmanMediaTN
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🔴 SOLD🔴 Listed at a comparable $659,000 - Closed for $725,000 in under 15 days, some saw merely a small fixer home but I saw a corner lot on multi use Zoned land with room to add value. Back in 2010 my job was to spot value for Foreclosure investors, today those skills I pass on to my clients to net them the best possible amount in the moment. represented seller and buyer. #realtor #sold #listing #newhome #listings #sellahouse #buyahome #clientsmatter #sothebys #sothebysrealty #fixer #winwin #marketing #videomarketing #drone #dronereality #dronereality #sellingmyhome #listingagent (at Beverly Hills, California)
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The Listing Pros are locally raised here in Rio Rancho and Albuquerque. We went to school here. We have raised our family's here. We give back to the communities here. Use a local agent to sell your home because we know you neighborhood and market. We will you you the most value for your home with our expertise. Call 505-897-3334 or visit www.havensrealtyllc.com to get the free value of your home today because you deserve to know. #sellahouse #homeforsale #HavensRealty #Thelistingpros #thenewhomeguys #Albuquerque (at Albuquerque, New Mexico) https://www.instagram.com/p/CNEozRXFchS/?igshid=fkhhvnsehlxw
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The whole team is in play for a busy day of showing houses! 🏘 @blessedwithabassethound is ready to #sellahouse Www.chrisbalmesproperties.com @chrisbalmespropertiesllc #chrisbalmesproperties (at Portland, Oregon) https://www.instagram.com/p/CMphqT2BosniYJovN8qJ3mr6QtyWdPoMKfvZ7A0/?igshid=zc9qkz1kq631
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How Long Will It Take To Sell My House?
You want your house to sell fast. And you may be wondering how long the whole process will take. One way to get your answer? Work with a local real estate agent.
They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way, you have realistic expectations and can work together to develop a plan based on today’s market.
Here’s a high-level overview of just one of the factors a great agent will walk you through — the supply of homes for sale and how that impacts your process.
The Growing Supply of Homes for Sale
Over the past few months, the number of homes for sale has increased. This is good news when you move because it means you’ll have more options as you search for your next home. But it also means buyers have more to choose from, so if your house doesn’t stand out - it may take longer to sell.
Available inventory comprises new listings (homes just put up for sale) and active listings (homes already on the market but haven’t sold yet). And if you look at data from Realtor.com, you can see a good portion of the recent growth is from active listings that are sticking around (see the blue bars in the graph below):
How It’s Impacting Listings Today
Think of the homes on the market like loaves of bread for sale in a bakery. When a fresh batch of bread is put out, everyone wants the newest and hottest one. But if a loaf sits there too long, it starts to get stale, and fewer people want to buy it.
The same goes for homes. New listings are the freshest and most sought-after. But if a home isn’t priced correctly, doesn’t show well, or doesn’t have an effective sales or marketing strategy, it can sit on the market and become less appealing to buyers over time.
An Agent Will Help Your House Stand Out and Sell Quickly
Timing is important to you. You want to get this done fast. By leaning on a pro, they’ll ensure your listing is fresh and doesn’t stick around long enough to go stale. As the National Association of Realtors (NAR) explains:
“home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”
Your agent will factor the recent inventory growth into their plan and create a customized selling strategy for your house. The supply of homes for sale can vary a lot by area. So they’ll do things like share their valuable insights into what’s happening with supply in your market, help you price your home correctly, and create a marketing plan that gets your home noticed.
Don’t let your listing get stale — reach out to a real estate agent today to ensure it is fresh and appeals to buyers from the start. It makes a big difference.
Bottom Line
If you want your house to sell fast, you must work with a pro. Let’s connect with Chicago’s real estate agents, so you’ve got someone who understands the current market trends and knows how to build a strategy around those factors so your house can sell quickly.
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#realestate #homeforsale #dreamhome #realtorlife #propertyforsale #househunting #homesweethome #newhome #luxuryrealestate #realestateagent #investmentproperty #buyahouse #sellahouse #realestateinvesting #homebuying #realestatebroker #realestateexpert #mortgagebroker #realtorsofinstagram #housingmarket #expreality
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If you are looking to sell or buy a home or know of anyone that wants to sell or buy a home, give me a call at 917.345.6506. #resultsarein #letsfindit #letsfindyouahome #makemeyouragent #iworkforyou #buyer #buyers #buyersagent #buyerslife #seller #sellers #house #homes #buyahome #sellahouse #sellahome #buyahouse #cribs #coldwellbanker #keepcalm #realestateagent #realestate #listthathouse #listthathome #callme #realestate #realestateinvestor #justlisted #listings #listing #listingagent (at Coldwell Banker American Homes) https://www.instagram.com/p/CjjZmjCs2L_/?igshid=NGJjMDIxMWI=
#resultsarein#letsfindit#letsfindyouahome#makemeyouragent#iworkforyou#buyer#buyers#buyersagent#buyerslife#seller#sellers#house#homes#buyahome#sellahouse#sellahome#buyahouse#cribs#coldwellbanker#keepcalm#realestateagent#realestate#listthathouse#listthathome#callme#realestateinvestor#justlisted#listings#listing#listingagent
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🎉🎉Thank you to our proud sponsor Realtor Patricia Pilat of Berkshire Hathaway Home Services!🎉🎉 Pat would love to help you find pet-friendly housing in New Jersey! If you are looking to Buy a Home, Sell a Home or Rent a Home in NJ please contact award winning Realtor Pat Pilat! Thank you for all the wonderful work you do to save homeless rescue animals in your free time, Pat! You are amazing!!! Call Pat today at 908-229-4505 ❤️🐾 #newjerseyrealestate #berkshirehathawayhomeservices #realtor #njrealtor #realestateagent #buyahouse #sellahouse #njrealestate #njrealestateagent #realtorlife ##newjerseyproperties #njrentals #petfriendlyhousing #newjersey #rescueanimals https://www.instagram.com/p/CJulGhBJiWj/?igshid=rfgayk9jr2hy
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https://www.savvycard.com/mark-smith/simi-valley-realtor/1b1979_scid#.XzwS4QGqOxA.facebook Happy Savvy Tuesday!! Im providing you a convenient way to view listings, and save my Contact info. Feel free to share with your friends or family that wants real estate information, wants to sell, or wants to buy.. ...................#805living #805realtor #oxnard #camarillo #ventura #venturacounty #buyahouse #sellahouse (at Camarillo, California) https://www.instagram.com/p/CECklXKhu7c/?igshid=c5o4fwjx6bld
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