Why You Lost at Your Dream House’s Sale Negotiation

New Listing - 18 minutes online
$1,373,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,350
SQFT
822 Argonne Avenue NE
Atlanta, GA 30308
Midtown Subdivision
New Listing - 18 minutes online
$165,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,264
SQFT
2143 Jernigan Drive SE
Atlanta, GA 30315
Lakewood Subdivision
New Listing - 3 hours online
$219,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,500
SQFT
2243 Baywood Drive SE
Atlanta, GA 30315
BAYWOOD Subdivision
New Listing - 3 hours online
$155,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,840
SQFT
893 Mitchell Street SW
Atlanta, GA 30314
 

After days of browsing the internet and looking at the real estate section of the newspaper, you finally found your dream house. It has the perfect balcony for your wife to enjoy the sunset, a small garden for your kids to play and plenty of rooms, one of which you can make your den. So, what’s wrong?

The price!

There are several hidden costs that can cross your budget and at the end, you will ultimately leave the offer on the table. Get one thing straight: it’s all about the money! A great tip that many people follow is they set their budget lower than what they have. This gives them room to negotiate and give the seller an illusion that they are acquiescing to their demands.

Following are a few mistakes you need to avoid before putting an offer on a home for sale in Sandy Springs, GA:

Thinking the Price of the House Should Be Your Main Focus

If the price of the house is $10K below your budget, then don’t start celebrating just yet. What you are forgetting is the price of all the documents you will need to get validated, maintenance, repairs and more.

You should not be fixated on the sticker price because once the process of transferring the house to your name starts; you will know its true value. Depending on the timeline the seller is on, you might get a little leeway during the negotiations but if not, you need to be on your A game.

Not Letting Go of Small Repairs

Just because the seller refused to fix some of the appliances, doesn’t mean you should back away from the deal. Check out the condition of the appliances, compare the difference with the value of the house and then make your decision. Say the price of the house is $200,000. There’s a deck in the backyard and the stairs have a crack running down them. This repair will cost you around $125. Leaving the deal for this small amount will be a waste of your time and emotional energy. So, weigh the pros and cons carefully and then decided whether the house is worth buying with the repairs or not.

Waiving Formalities

You fell in love with this beautiful home for sale in Sandy Springs, GA and in a hurry to make it yours, you declined a home inspection.

BIG mistake!

You are forgetting that home inspection can reveal some of the dirtiest house secrets such as termites and other types of infestation, major plumbing problems, sagging roof, weak foundation, etc. A home inspector is your protection blanket who stops you from making crazy, hasty decisions. If you want to sweeten the pot for the seller, then you can buy your own home insurance, pay part of the closing cost and get the negotiations done in two days.

Offering Less Due to the Decor

That orange wallpaper and the insanely patterned rug might make your eyes itch but this doesn’t mean you should insult the seller by offering less. Yes, the decor is not eye catching but the house is priced according to the market value and the comps. You can always change the decor once the house is yours. So, look deeper than the surface.

Are you ready to make an offer on your dream home for sale in Sandy Springs, GA? Look past the small things and you will easily able to strike a great deal.  If you want to find quality listings, then visit America’s Network Realty Group Inc. Enter just a few details on the type of house you are looking for and the database will provide you with hundreds of listings.

 

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