Negotiating?

Question

How can I get someone to come down in price? I feel the price is too high, he has come down slightly, but not to the price I have in mind. What are some negotiating phrases I can use in this situation. I am not good with words. Any help appreciated-thank you.

Answer 1

Do you have an agent?

One of the advantages with being involved in a real estate transaction with agents is that they build a rapport with both the buyer and the seller, in this case they know the market and their influnce is important when it comes to negotiating.

A few things to keep in mind.

1. The seller has an emotional attachment to the property.

This is true in most cases that the seller is the primary tenant and has put work into the home. Regardless of market value everyone thinks their home is worth more. This is human nature.

2. The seller may have circumstances that you do not know about.

For example if they had to refinance their home then they might actually owe more on it than what its worth. You probably will not be able to know this but understanding that it happens can help you think like a seller with a bottom line.

3. Know your market.

Research the market through realtor.com and see all the other homes in that price range. Make sure that you are paying a fair price as well. Offering well undermarket is likely to get a seller to refuse to speak with you again.

4. Gauge your interest in the house.

One thing to consider is that for every $1000 you add to a purchase price your payment will only increase by about the dollar amount of your interest rate. If you are getting 7% then every 1000 is about 7 dollars more per month.

I can't stress this enough, if you really are interested in the home is an extra 100 dollars a year going to stop you from living in a home you desire?

If you are not as sold on a house and are going for the value then be firm with your offer. Use phases such as this is my highest and best offer. Make the seller make a decision on accepting your bid or the prospect of waiting months to get another offer. If the home has been on the market for a long time that may help you close the deal.

If you need anymore information contact me.

Answer 2

I'm in the same boat as you. I went to my Realtor and showed what other houses in the subdivision have sold for in the past year, and said that the offer I made was fair given what the historic sales in the subdivision were....Still waiting to hear back from the seller on this one..
You also have to realize that there are several houses out there with the same utility as the one you are looking for. The best advice i can give is to not allow this house to become a trap and over pay for what you are buying. There is always another house out there.
I do have access to the MLS in my area, so I knew how to research this problem... You may have to have your agent pull sales in the subdivision you are looking at to see if your expectations are higher (er...lower in this case) that what it should be.

Answer 3

Hey

Are you working with a realtor, they can always negotiate foryou. It is going to be hard to get a seller to budge unless they see interest diminishing on the property or if they are not receiving offers on the property. If it is a good buy I suggest you take it if your can afford it and not try to hard to under purchase and lose the deal completely.

My name is Humphrey Mitchell. I am a mortgage banker here in New York and I wanted to know if you have already been qualified for a type of mortgage program? We have programs for 100% financing with a credit scores as low as 580. We have been in the industry for over 15 years. I can help you get the best rate and the right program. If you already have a banker great too...I welcome the opportunity to beat his rates and programs. Hope to speak with you shortly you can reply to this message or give me a call directly at [phone]. Hope all is well and Good Luck!

Cheers,

Humphrey
------------------
Humphrey Mitchell
Co-Chairman/CEO

Turbo Financial Inc.
303 5th Avenue Suite 1809
New York, N.Y. 10016

Cell: (917) 337- 8670
Phone: [phone]
Fax: (212) 213 - 1257

Licenses mortgage bankers in NY, NJ, CT, CO, MD, IN and FL. We are direct lenders.

Answer 4

You mean for a house??? IF you feel the house is overpriced backup what you feel with a CMA (Comparable Market Anaysis)- data from previous sales and current sales in that or like communities. If the CMA is your favor then make him an offer about 30% below and wait until he counters. His next offer should be a little lower, but counter it again.
Get a Realtor on your side.

Answer 5

You must not look like you have interest in the object too much. Showing interest can allow the dealer to raise the price. Also say that its not necessary in your life, with an attitude 'i could get this at anohter store at cheaper'

Also, dont decuct it too much. They will know your not a good bargainer, and decline whatever you have.

got tv from 3300 to 3000 =D

Answer 6

first go around and ask for the price of the item that you want to buy. you have to have atleast 3 different stores that can give you a price of the same item so that you'll know how much you can bargain for the price of what you are buying for... for first timers try to ask the price and cut it to about 75% if still cannot ask him what is your best price can offer since company A is giving this away for this amount....