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Tips when Negotiating your Selling Price

Tuesday, July 28, 2009
posted by Chris Gmyr

You have decided to sell your home and move on to bigger and brighter things in the future. This is a very exciting time for you and your family. Maybe you have fixed up your home, even had the house inspection and had an open house and now you have a few offers. Well, you want to get the best value and price possible for your home so you have less to worry about in the future. Here are a few negotiating tips to help make the process easier for everyone involved.

Ask your real estate agent for advice and help
It is the job of your real estate agent to know buyers and sellers and know how to sell a home. They have experience with negotiating and will be able to help you get the best price possible from a buyer.

Make a counter-offer
You may be afraid to do this, but do not be. Most buyers expect that you will not accept the very first offer. You can offer the buyer certain incentives or conditions in order to get them to accept your offer.  Ask your agent for help, if needed.

Offer to pay some closing costs
If the buyer’s offer is a little low, offering to pay some of the closing costs, may persuade the buyer to agree to the price and terms that you want. Do not give up.

Only accept offers from pre-qualified buyers
This means that the buyer has already been accepted for a loan and has the money to cover any offer made. This will save time later and there will be fewer surprises when it is time to close the deal.

Hire a home inspector yourself
Buyers may try lower the price because they have a home inspection cost, but if you hire one yourself, you beat them to it. Also, this can give you more leverage when getting them to accept terms you want.

Following these negotiating tips and asking for help from your agent, will help to ensure everything goes easier and smoother for both parties. This way you have less to worry about and can focus on a bright future in your new home.

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