How To Best Negotiate A House Deal

Whether it's selling your home or buying a home, more often than not you'll come across a stage where you'd have to negotiate. Negotiation is the art of getting what you want at your terms and conditions. Of course, it isn't that easy and it takes time and patience especially when it comes to real estate dealings.

So how do you negotiate a good deal for yourself and what are the points you can use to negotiate a deal to your favour. Well here below are some points you should consider:

Comparative market analysis of homes in the area. Ask your real estate agent or find out through other sources what other homes in the area are selling for and what they've sold for in the past. Having such figures can keep you in good stead during the negotiation process. It can be advantageous to either party. A seller may quote the price of a neighbourhood home to justify for his price or show that he's selling for less while a buyer can use such facts and figures to justify for a lower price.

Show no emotion. The more desperate you show yourself to be in concluding the deal, the more likely you are going to be taken advantage of in the negotiation process. They say, 'he who cares least, wins' and this is most applicable when it comes to buying and selling a home.

Speak of your other options. By speaking of your other options and telling the other party that you have another buyer who's also negotiating or another home which you're interested in, there is a good chance you may push the deal to your favour.

Time factor. Deals can usually be closed much faster by offering or insisting on an earlier closing / possession date. As a buyer, offering to close in on the property and completing all the formalities immediately would greatly influence the owner to have some consideration towards bargaining in your favour. As a seller, if you want to close the deal earlier you may negotiate on the price with the condition that the deal is completed immediately.

Including items. If price is a no-go, then perhaps some of the movable items or appliances may be negotiated as to be included along with the price.

All in all, negotiating comes down to both parties being satisfied with the price and the terms and conditions of the deal. Make sure that everything is documented and signed when making the offers, so as to prevent any misunderstandings or chances of either party backing out in the future.

Coming back to negotiating, feel free to be innovative in your negotiations and you may just find yourself with a better deal than you could've initially asked for. Best of luck!

Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Real estate listings of homes for sale and rent.

---

How Do I Bring Consulting Into My Lease Purchase Business

As you are making your cold calls on property, you... Read More

Cheap Homes For Sale In Great Towns

Good Homes Under $50,000? My wife Ana and... Read More

Join the Bulgarian Property Boom With Confidence

An Irish property investor in Sydney, Australia has created an... Read More

How Not To Blow Your Build Budget

Most people who complete a self build will go on... Read More

Real Estate Investors Kick Away $1,000

Those new to real estate investing often fail to take... Read More

A Simple Step by Step Aproach to Fail Your Way to a Million Dollars

If You want to be Financially Successful you need to... Read More

Choosing a Residential Lot

Finding a lotPlanning for your new home is a very... Read More

California Home Seller Disclosure Duties

Property Condition - Seller's What to Expect During the Inspection... Read More

Real Estate Investing - Free Vacations While Searching for Real Estate Acquisitions

Real estate investing professionals look for all possible tax deductions... Read More

Lock In Big Profits By Offering Rent To Own Deals

Why would anyone accept a lease option, rent to own... Read More

Safe, Scenic & Secure Sussex County Delaware

As I write this, there is a considerable concern about... Read More

Selling a House is Easy

The thought of selling a house strikes fear into most... Read More

Making Money In Real Estate - 10 Ways

Making money in real estate is an endless topic that... Read More

How to Show & Sell Your California Home

Seller's Showing Instructions1. When the agent arrives with the potential... Read More

Why Not To Invest In Bulgarian Property

According to research carried out by the Thomson Group, owning... Read More

Property Investment Strategy: Securing Properties with Little or No Deposit

Property Investing often requires creative strategies to make it successful.... Read More

5 Rock-Solid Real Estate Investment Strategies

Investing in real estate is more complex than simply buying... Read More

Buyers Closing Cost

Buyers, borrower, closing costs can be divided into two categories.... Read More

Realtors: Forget Your Address?

It's a large real estate agency, and the company depends... Read More

Notify Them When Youre Moving

One of your first steps, when you're getting ready to... Read More

Real Estate: The Consumers Will Have The Final Word!

"The first step toward change is awareness. The second step... Read More

Selling Your Home: 5 Deal Killers That Are Lurking In Older Homes

You've listed your home for sale, you have a Buyer... Read More

How to Build Your Free House

What if you could "place an order" for the construction... Read More

Buying a Vacation Home

You'd like to buy a vacation home, but you're not... Read More

Getting Started in Real Estate Foreclosure Investing

Decide to Invest in Real Estate Foreclosure InvestingWith the increase... Read More

Ten Steps for Becoming a Successful Real Estate Investor

The secret to success in real estate investment is finding... Read More

Closing Costs When Buying A Home

Closing costs are often the last thing a person thinks... Read More

Escalation Clauses ? A Home Buyers Secret Weapon

Today we discuss escalation clauses because much of the country... Read More

How to Attract Clients in Residential Real Estate

Doesn't it seem like everyone you know has a friend,... Read More

Negotiating and Sales Skills Are Critical

When I first started getting active in creative real estate,... Read More

Property Investing Secrets 9

Property Investing: Here Are Two Important Tactics You Must Do... Read More

Late Mortgage Payments Sabotage PMI Cancellation

There's something you should know about PMI!Private mortgage insurance is... Read More

Vegas: The New Frontier

Unless you have been living in Siberia, you know that... Read More