Seven Steps to Successful Negotiation for Buying a House in Stephenville

Back to Real Estate News

At times, negotiating the terms of a purchase can be fraught with disagreement. The objective is to finalize the agreed-upon purchase price and move to the sale contract. From there, once the buyer and seller are content, you can move to closing. Of course, all of that depends on the negotiation of terms and as the buyer, if you really want the house, you should be flexible, persistent and creative, according to tips from Tara-Nicholle Nelson of www.frontdoor.com. The following seven tips might be the best path to ensuring a smooth and efficient negotiation phase.

  1. Respond quickly to offers and counteroffers. Delays not only can be construed as disrespectful to the process, but allow for competing bidders to enter into the mix.
  2. Eliminate the Middleman. You should always communicate via your real estate agent directly. They will handle the communication in a professional and thorough manner.
  3. Acknowledge the difference between a private seller and a builder. New homes offered through builders are often set in terms of pricing, but you still might be able to ask for upgrades or other concessions.
  4. Ask for details on pending sales. Again, this should be done through your agent, who can research the history of other sales in order to develop an understanding of the market activity in a particular area.
  5. Check the CMA. A Comparative Market Analysis is a formal report of other sales in the area for comparable properties.
  6. Put your realtor to work. It is our job to work on your behalf, and as the informed resource on a particular area, we can quickly proffer needed information and leads.
  7. Do the numbers. Make sure your economics account for taxes and insurance.

One way to ensure that the best negotiating tactics are used is to hire a knowledgeable real estate agent to represent your interests. We not only have the pulse on property in Stephenville, but we have helped negotiate hundreds of sales across Erath County. Drop us a line today so that we can help you begin the process of house hunting in Stephenville.

Search For Homes

Testimonials

“Terry Childers was extremely helpful, reliable, friendly, and knowledgeable. We had some bad luck while house hunting but Terry was persistent and never let up. He went above and beyond to make sure we were satisfied. If we ever sell or buy again Terry is our only choice.”
Ken