For those who want to buy a home, it generally is a good idea to remain open to negotiating with a seller. That way, you can acquire your dream residence without delay.
Now, let's take a look at three tips to help you streamline a negotiation with a home seller.
1. Be Flexible
There is no telling how a home negotiation will turn out. Fortunately, if you maintain flexibility, you will be able to go with the flow throughout a negotiation with a seller.
Remember, a homebuyer and home seller share a common goal: to ensure a seamless transaction. If you are open to negotiating with a seller, both you and this individual can work together to achieve results that satisfy all parties.
Don't forget to maintain open lines of communication with a seller during a negotiation as well. By doing so, you and a seller can keep in touch with one another throughout a negotiation and avoid potential miscommunications that otherwise could slow down or stop a home purchase.
2. Establish Realistic Expectations
A home negotiation may work out in your favor or a seller's favor. Or, in the best-case scenario, you and a seller will come to terms that fulfill the needs of both sides. On the other hand, in the worst-case scenario, you may need to walk away from a home purchase altogether.
As a homebuyer, it is important to prepare for all possible scenarios. If you establish realistic expectations as you enter a home negotiation, you can plan accordingly. Then, you and a seller can work together to accomplish the optimal results.
You may want to study the housing market closely too. In fact, you can review the prices of available houses that are comparable to the one you want to buy to ensure your offer to purchase falls in line with the current housing market's conditions.
3. Work with a Real Estate Agent
A real estate agent is well-equipped to help you handle a homebuying negotiation. Thus, if you work with a real estate agent, you can get the assistance you need to acquire your dream house at a price that matches your budget.
Typically, a real estate agent will learn about your homebuying goals and help you discover your ideal residence. Once you find a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this home. Next, if a seller wants to negotiate the terms of a home transaction, a real estate agent is ready to negotiate with this individual on your behalf.
A real estate agent also will keep you informed throughout a home negotiation. Plus, if you ever have concerns or questions during the homebuying journey, a real estate agent is prepared to respond to them.
Want to acquire your dream house as quickly as possible? Take advantage of the aforementioned tips, and you should have no trouble handling a home negotiation with any seller, at any time.
Susan Shuxian Hu has been a dedicated realtor serving in Silicon Valley since 2010. With great passion, outstanding negotiation skills and due diligence, she has helped many buyers and sellers in their real estate needs. Living in West San Jose for more than 14 years, she has broad knowledge in Cupertino, West San Jose, Los Altos and Saratoga. She has enormous patience working with buyers and never tired of showing all possible properties that may fit client’s needs. Clients appreciate her best service to their satisfaction. She specialized in luxurious real estate purchase in Los Altos, Cupertino, Saratoga and Palo Alto. She also helped friend and past client’s referral working in San Francisco, Foster City and far reached Bay Area.
Susan Shuxian Hu was graduated in East China Normal University in Shanghai with bachelor and master degrees in Bio science. She came to US in 1989 and earned her Ph.D. in Molecular Genetics in Texas A&M University in 1996. After one year of postdoc in Southern Florida University in Tampa, she moved back to Orlando with her family and started working in Lucent Technologies. In 2002, Susan moved to California, Silicon Valley joined a start-up company. Since then she worked in high tech Corporation till 2009. Driven by her dream job pursuing, she found her passion working in sales by helping people in real estate after one year of education in De Anza business and real estate law study. Since then, she has been serving many people in Bay Area for their real estate needs.
With bilingual advantage, she has been actively working with Chinese immigrants as well as local engineers and residents. With rich high tech background and connection with Chinese community, Susan has served in luxurious real estate in last a couple of years.