Matthew Walsh's Blog
Ready to acquire your dream home? Although you might have already located your ideal residence, you may need to negotiate with a home seller. By doing so, both you and a home seller will be satisfied with the final results of a property transaction.
However, a homebuying negotiation sometimes can be tricky. And if you fail to keep your cool throughout a negotiation, you may miss out on the opportunity to purchase your dream residence.
What does it take to remain calm during a homebuying negotiation? Here are three tips to help you do just that.
1. Take Your Emotions Out of the Equation
Don't take it personally if a home seller wants to negotiate. Instead, view it as an opportunity to ensure all parties involved in a home sale get the best results possible.
In many instances, it's easy for homebuyers to let their emotions get the best of them. But if you feel overwhelmed by stress and frustration, it is essential to take a step back and assess the situation. That way, you can avoid making any rash decisions that could put your chance to purchase a top-notch house in danger.
Try to maintain a positive outlook throughout a homebuying negotiation. Also, don't hesitate to reach out to family members and friends for support, as these loved ones likely can help you analyze any homebuying hurdles and find ways to overcome them.
2. Know Your Options
You may invest many hours in a homebuying negotiation, and you might even make various concessions along the way. But despite your best efforts, there are no guarantees that your homebuying negotiation will be successful.
For homebuyers, it is important to remember that there are plenty of houses available in cities and towns nationwide. Therefore, if a homebuying negotiation goes sour, you can walk away and start a new search for a terrific home.
3. Consult with Your Real Estate Agent
When it comes to negotiating a home purchase, a real estate agent can make it easy to streamline the process of acquiring your dream residence. This housing market professional can serve as a liaison between you and a home seller. As such, he or she will do everything possible to deliver exceptional results for all parties involved in a homebuying negotiation.
Your real estate agent can take the guesswork out of a homebuying negotiation. This real estate expert can respond to any concerns or questions you may have throughout a negotiation. In addition, he or she will provide honest, unbiased recommendations to help you make informed homebuying decisions.
Perhaps best of all, your real estate agent can help you alleviate stress during a homebuying negotiation. He or she will provide you with world-class guidance, enabling you to stay calm, cool and collected as you search for your ideal residence.
Don't let your emotions overwhelm you during a homebuying negotiation. Conversely, use the aforementioned tips, and you can maintain your composure throughout a homebuying negotiation and boost your chances to acquire a first-rate house.
68 Kilmer Ave, Taunton, MA 02780
If you’re looking to buy a new home anytime soon, getting your finances in order is an excellent first step to getting the keys to your dream property. No matter where you want to buy a home, your financial picture is the most critical aspect of buying a home. Read on for some tips to get you financially prepared to buy a house.
Set A Savings Goal
Buying a property will require a significant amount of money up front. From closing costs to the down payment, you need to set a specific amount to save up before you even get out on the house hunt.
Break your savings goal down by month over a yearly number if you have multiple years before you buy.
Have A Specific Account For Savings
If you don’t see it, you won’t spend it. Tuck all of your savings in one account. Use automatic transfers to make saving from your paycheck easier and seamless. Before you even check your account, you’re on your way to your savings goals. You may not want to keep your money in higher yield accounts. These may not allow you to take the money out when you need it. Take the time to shop interest rates on savings accounts at different banks. Some may even offer a bonus. Just remember always to pay yourself first. Don’t be tempted to spend the money that you have saved.
Rethink Your Budget
Depending on the amount that you want to save to buy a home, you may need to cut costs significantly. Take the time to do a budget and see where you may be able to cut down on costs. Should you cut the cord on cable? Are you going out to restaurants too often? Another idea is to call your phone company and other utility providers and ask about discounts. You may need to make some lifestyle and budgeting adjustments in order to get on your way to your dream home.
Use Gifts Wisely
Did you get a big Christmas bonus from work? Did a relative give you a monetary gift for your birthday? Take all of the extra cash and stash it away in the account that’s dedicated to your home savings. It will only help you to achieve your goals faster.
Keep Your Accounts Stable
Before your loan can close and the keys to your dream home are yours, you’ll need to make sure you don’t make any significant purchases. You need a paper trail for all of your money. Before you buy a home is not the time to go nuts and buy furniture or buy a car. These things can affect both your credit and debt-to-income-ratio.
If you're considering putting your house on the market, the job of helping you find a qualified buyer is an important one. The real estate agent you choose to market your home, schedule appointments, and provide you with day-to-day guidance will play a crucial role in the outcome of your sale.
In addition to picking an agent who has a successful track record of selling houses similar to yours, their overall attitude, communication style, and energy level can provide you with valuable insights into whether they're up to the challenge.
Here are three of the top reasons that a positive attitude is an indispensable quality in a real estate agent.
- When prospective buyers and agents tour your home, they will be influenced by several factors. While their main focus will be on the look and feel of your home, their opinions will also be swayed by your agent's presentation style. Your real estate professional should have a knack for helping prospects focus on the desirable aspects of a home, while downplaying its negative features. Although issues and potential problems with a property usually need to be acknowledged, a resourceful real estate agent will make sure the problem is kept in its proper perspective, rather than blown out of proportion. They'll also do their best to suggest cost-effective solutions. To the extent that it's possible and practical, a good agent will help prospective buyers imagine how much they'd enjoy moving into the house, customizing it to their personal preferences, and making the space their own. People will quickly pick up on the enthusiasm and attitude of your real estate agent, and will be consciously and unconsciously influenced by their verbal and nonverbal messages. Most, if not all, buyers will be quick to detect everything from authenticity and sincerity to indifference and lethargy in an agent. These traits should also be obvious to you when you're interviewing agents during the selection process.
- An optimistic, results-oriented real estate agent will tend to be more resourceful, proactive, and solution-oriented that one who focuses more on problems than solutions.
- Both enthusiasm and negativity are contagious, so your agent's attitude will have a direct impact on your own outlook. Since your responsibility as the seller is to keep your home and property looking its best at all times, discouragement and a loss of optimism can easily spill over into noticeable details like home cleanliness and staging.
Choosing a great real estate agent can potentially translate into a higher sale price and a shorter period of time that your home will be on the market. Since thousands of dollars are at stake, it makes good financial sense to pick an agent who possesses the necessary people skills, the relevant knowledge, and the professional expertise to bring you the best possible return on the sale of your property.