Negotiation Techniques for Buying a Home Boston MA

Strategizing to purchase a home in Boston is based on facts- the real estate market, the seller’s needs, and the property at hand- rather than your own personal style of negotiating. The best thing that you can do to negotiate well is to find a good real estate agent. They will know the market and they already have a good method of negotiating.

Ford Realty Inc
(617) 720-5454
137 Charles St
Boston, MA

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Boston Properties
(617) 247-1933
581 Boylston St # 803e
Boston, MA

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Ballast Realty Group Llc
(617) 426-0075
1200 Washington St
Boston, MA

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Boston Developments
(617) 247-3738
37 Newbury St
Boston, MA

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Acker Laurel
(617) 796-6126
277 Dartmouth St
Boston, MA

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Tishman Speyer Properties
(617) 342-7500
125 High Street, 14th Flr.
Boston, MA
 
South End Assoc
(617) 536-3741
118 W Concord St
Boston, MA

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Coldwell Banker
(617) 796-7415
Po Box 959
Boston, MA
 
Boston Realty Net
(617) 267-2340
247 Newbury St
Boston, MA
 
Furnished Quarters - Massachusetts
(617) 236-4908
221 Massachusetts Avenue, #202
Boston, MA
 
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Negotiation Techniques for Buying a Home

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Strategizing to purchase a home is based on facts- the real estate market, the seller’s needs, and the property at hand- rather than your own personal style of negotiating.

The best thing that you can do to negotiate well is to find a good real estate agent. They will know the market and they already have a good method of negotiating. This means that will find more out about the seller than you likely would on your own. Also, if you are not comfortable with confronting a seller, the commission to the agent might be worth letting someone else handle that task.

If you want to negotiate without an agent, and many buyers do, it means:

  • Researching the market, the seller’s situation, and the property at hand
  • Developing a good negotiating style and strategy based on your research

    The following will keep you calm with or without an agent:
  • Do your homework.
  • Ask questions all the time.
  • Share details of your budget, stress level, and emotions only with your advocates
  • Find an agent with whom you feel comfortable

    Setting a Strategy
    Market conditions are the most important factor in coming up with a negotiating strategy and these vary from place to place. So first find out if you are in a buyer’s, seller’s, balanced, or red-hot bidding market.

    Negotiation for a Buyer’s Market
    In a buyer’s market you have the most power because it means that there are less buyers than there are homes to be sold. This means that sellers are going to be nervous because if they need to move then they need to keep buyers which means that will need to adhere to your demands and almost always they will have to sell for less than the asking price.

    Buyer’s Market Strategy: Ask for Everything Under the Sun
  • Make an offer 10% below the price you want to end up paying
  • Ask the seller to finance the closing costs and make the time for closing on your schedule
  • If you want the appliances and the entertainment center, ask for them
  • If you want the couch and some of the fancy decorations, go for them
    A buyer’s market is the best time for you to win concessions and extras.

    Negotiating in a Seller’s Market
    Buyers do not have much power in a seller’s market. If the seller has a good property and does not like your offer, the seller will not have time to negotiate with you. The best option in a seller’s market is to make a good offer and be direct about it.

    Procrastination is not the way to go in a seller’s market. These homes will go fast and a good agent will know this. She makes her living on getting you to buy a house, but she is not trying to swindle you when she advises you to make an offer as soon as possible, perhaps even the first day you see the house, she merely knows that on a seller’s market, house go fast.

    Seller’s Market Strategy: The Simpler the Better
  • Getting a pre-approved loan is the first priority in any market
  • Offer the asking price or as close to it as possible
  • Ask only for standard contingencies, such as financial, appraisal, inspection, to protect yourself
  • Note that the seller will set the closing date to their advantage
  • Do not expect to receive personal property that you want, though if the seller is planning to seller or give away their belonging you may be able to work out a deal.
    Don’t try to wrangle, go for the house. You will feel lucky to get it.

    Negotiating in a Balanced Market
    This type of market will feel more stressful than it is. A balanced market has an equal amount of buyers to sellers. This means neither side will feel the pressure and this will force personal priorities to stand paramount. The negotiating process is likely to take longer than in a buyer’s or seller’s market.

    Balanced Market Strategy: Split the Difference
  • Offer less than the asking price, but not too much less
  • Include standard financing and inspection contingents
  • Offer terms beneficial to you
  • Ask for any personally property you want
    Both buyers and sellers will feel good about compromising.

    Keep in mind that buying and selling a home is not always about money. Make sure that you do your research to find homes you will enjoy.

    Visit Homesalesnetwork.com for more information