2007-01-26 01:29:57 · 14 answers · asked by JOANNE C 3 in Business & Finance ➔ Renting & Real Estate
You need to ensure that agent is aware of your interest or concerns in a property. The agent is working for the seller and gets a commision from the sale. Always be courteous but make sure that you ask about anything that you need to know.
You don't need to play it cool, but if you are interested, go home, take some time to be sure of your thoughts then go in with an offer below what you are willing to pay and be prepared to negotiate.
Agents will always favour people without a property to sell, who have a mortgage agreed in principal or who have cash to purchase.
2007-01-26 02:25:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I know it's hard, especially if you are buying a house to live in, but try never to get emotional about property. Decide what that particular property is worth to you, don't be persuaded to spend any more on it and don't be afraid to put in an offer on anything. The worst that can happen is they will say no. However much you love the house always be prepared to walk away from the deal. Buying a house is the biggest investment you will every make, mistakes can be costly. The estate agent is acting for both parties obviously it is in his interest to sell the property for the best price as his commission will be higher. But it isn't a battle, it's a negotiation, do it right and all parties concerned should come out of it happy.
2007-01-26 01:42:24 · answer #2 · answered by gerrifriend 6 · 0⤊ 0⤋
If you're dealing directly with the seller's agent then it's best to play it cool and try to find out what the seller is willing to accept. If you have an agent representing you, then you need to be up front with him/her and let him know what you are or aren't willing to pay for the property. That way he will be able to negotiate the best deal for you. Don't mess around or play it cool with the person representing you.
2007-01-26 01:53:59 · answer #3 · answered by Realtor Jim 2 · 0⤊ 0⤋
Always show a reserved interest as this will let the estate agent know that you are serious,but of course play your cards close to your chest and always offer below the asking price unless you are desperate for the property.
2007-01-26 01:35:51 · answer #4 · answered by ? 5 · 0⤊ 0⤋
Yes and No. Yes, in that you definitely do want to show a high interest esp. if the property is attractive enought to bring in multiple offers...sometimes if the offer prices are pretty much the same the buyer/agent will go with the person who made the be st/highest impression.
No, in that you never want to seem too keen since this can reduce your leverage.......gotta balance btw the two.
2007-01-26 01:41:01 · answer #5 · answered by boston857 5 · 0⤊ 0⤋
We tried to purchase a house utilising this technique some years in the past. that they had an open viewing day and all bids have been to be gained 2 weeks later. We knew 2 of the different people who placed a bid. a chum of ours became a builder and he placed the optimum bid with a view to springing up the valuables. We placed the 2d optimum bid yet mandatory to sell our components earlier we could be ready to proceed and could style a team. i comprehend the guy who's bid became effective. They bid £2000 below us yet have been chain loose and had their loan furnish in place and in a position to bypass. They deliberate to refurbish and characteristic it as their family homestead. So its no longer constantly the optimum bidder that wins. In my adventure its a mix of a stable cost and being in a stable place. Your plans for the valuables is additionally important. once you place your bid supply as lots suggestion as you could to reinforce your possibilities.
2016-11-27 19:54:04 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Hopefully, YOUR agent will advise you to play it cool and keep a poker face. You DO have an agent, right? If you deal strictly with the seller's agent, they are obligated to the seller only, not you!
2007-01-26 01:37:31 · answer #7 · answered by mickeyg1958 4 · 1⤊ 0⤋
Let your agent do the negotiations. That's what they do for a living. DO NOT present the offer to the seller's agent yourself. Your agent will do the "dirty work"
2007-01-26 02:26:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Stay cool and don't tell them the truth about your budget or what you would be prepared to pay for a property
2007-01-26 01:40:01 · answer #9 · answered by benji 3 · 0⤊ 0⤋
It shouldn't matter too much. Ultimately they want you to buy somewhere so that they make their commission and so they'll probably fight your corner. At the same time, the more they sell a place for, the more commission they get. You unfortunately have to trust them, but keep your cards close to your chest!
2007-01-26 01:35:08 · answer #10 · answered by Wafflebox 5 · 0⤊ 0⤋