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Tips on How to Make an Offer and Haggle Over the Price
You always look at the price whenever you look for a property. Now, most of these property prices aren’t fixed. You now have to decide on how to bid for it. Do you take what the seller gives you and end up wasting money? Or a low offer, but risking your prospect Texas real estate? Here are some of the best tactics to ensure that you get your dream house at the best price.
Downplay the amount that you are willing to spend for the property. Texas Real estate brokers usually show homes that are slightly higher than your budget. So if you fall in love with a property, never ever show it to the broker. Just try to play it cool and ask clever questions. Check similar properties in the same area that are on sale.
Always make sure to put the offer in writing. It can either be through a piece of paper, text, or via email. As long as you have a proof of what you’ve discussed to prevent any confusion or argument later.
Try to offer something that is slightly lower than the price given and see if the seller is interested. Negotiations will start as soon as the seller gets interested with your offer. Most of these transactions are made with the estate agent. The estate agent will then relay the information to the seller and vice versa.
Try to ask politely and stay calm when you try to negotiate with the seller. Getting frustrated with one another wouldn’t do you any good. So try to be polite, but be firm at the same time.
Never offer a price that’s too unrealistic. This may only risk your dream house if you do that. Just remember to always stay within your budget and bid for a much lower price if possible.
Now, always place yourself in the seller’s shoes when making a low bid. Would this be enough to cover all the costs spent in the house? Keep in mind that the seller might also be concerned about the buyer’s asking price. This will be your advantage, so try to see if they’ll accept a bid lower than the asking price. But when would you know that a low bid may be successful?
If the house has been on the market for more than 30 days.
If the seller is in a hurry to get it sold.
If you’re the only one who showed interest in their house.
If you try to work with the seller for the completion date.
If you can show that you’re a very interested buyer.
If the real estate agent is in a hurry to get a sale.
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