William Pitt Sotheby's Int'l
Kristi Vaughan, William Pitt Sotheby's Int'l
Email: [email protected]

3 Negotiating Tips for Homebuyers

by Kristi Vaughan 09/24/2018

When it comes to buying a home, there is no reason to let negotiations get the best of you. Fortunately, we're here to help you become an expert negotiator, i.e. someone who understands the ins and outs of obtaining a high-quality residence at a budget-friendly price.

What does it take to become an expert homebuying negotiator? Here are three negotiating tips that every homebuyer needs to know:

1. Act Quickly on a Home That You Like

If you fall in love with a home and are ready to make an offer on it, don't hesitate to put your best foot forward. Submit a competitive offer, and you may be able to avoid stressful negotiations with a home seller.

Understanding the true value of a residence is paramount for homebuyers. Conduct plenty of housing market research before you submit an offer, and you can better understand the prices of comparable houses in your area.

Also, if a home seller counters your initial offer, don't be afraid to negotiate. Be flexible, and you can boost your chances of securing your dream residence.

2. Do the Math

How much can you afford for a new home? You'll want to establish a homebuying budget before you enter negotiations with a home seller. Otherwise, you risk spending too much to acquire a residence.

Getting pre-approved for a mortgage may make it easy for you to avoid the temptation to overspend. With a mortgage in hand, you can search for houses that fit your price range.

In addition, be sure to account for closing costs and other fees that you may encounter down the line. If you fail to do so, you may wind up overspending on a residence.

3. Collaborate with a Real Estate Agent

Homebuying negotiations can be time-consuming and expensive if you're not careful. Thankfully, real estate agents are available who can negotiate with a home seller on your behalf.

Hiring an experienced real estate agent usually is a good idea, particularly for first-time homebuyers. Stress and anxiety can be problematic during homebuying negotiations, but a real estate agent will ensure that you won't have to deal with these issues.

Your real estate agent has a simple goal: to ensure that you can purchase the best house at the best price. He or she will go above and beyond the call of duty to accomplish this goal. As such, employing a real estate agent to handle homebuying negotiations can make a world of difference for homebuyers nationwide.

Furthermore, your real estate agent will keep you informed throughout negotiations. This real estate professional will offer expert tips and recommendations and will never make a move without consulting with you. Perhaps best of all, your real estate agent will be happy to answer any of your homebuying concerns and queries, guaranteeing that you can make informed decisions throughout the homebuying process.

Work with a real estate agent as you prepare to enter negotiations to purchase a residence. By doing so, you can simplify the process of going from homebuyer to homeowner.

About the Author
Author

Kristi Vaughan

For all of the disruption in the real estate industry, one critical aspect will never change -- the need for a good, solid real estate agent with truly local knowledge who puts your interests first. Kristi is one of those agents. A real estate agent since early 2005, Kristi has built her business with the idea that if she serves her clients well, success will naturally follow. And it has. What this means for you is that Kristi is on top of it, whether it’s getting you into the newest homes to hit the market, knowing the staging and marketing trends to help show your home in the best light or keeping tabs on the myriad details of an individual transaction. If something needs doing to help you meet your real estate goals, Kristi is giving it her full personal attention. Aided, of course, by today’s technologies. “As the mother of millennials and a homeowner of a certain age myself, I have a sensitivity and respect for the needs of first-time homebuyers, down-sizing sellers and everyone in between,” says Kristi, adding, “I measure my success not by numbers and awards but by the satisfaction of my clients.” A top producer, Kristi has won numerous Bronze, Silver and Gold Awards and has been recognized for many years by Connecticut Magazine’s Five Star Program for excellent customer service. In addition to being a member of the National Association of Realtors, Connecticut Association of Realtors and Ridgefield Board of Realtors, Kristi is a Senior Real Estate Specialist, Accredited Buyer Representative and is e-Pro certified. She is fully trained and experienced in working with relocation clients from near and far. Give her a call.