Local community and real estate information for Cheshire CT by your Cheshire Real Estate Experts, Sally Bowman Real Estate

Negotiate Like a Pro and Get Your Cheshire Home!

Monday, July 25, 2011

by Sally Bowman Real Estate

After spending several hours researching Cheshire, CT’s neighborhoods and looking at home after home, you’ve finally found the one you want to buy. It’s a feeling that is unmatched because you’re excited about the prospect of moving into a new home in Cheshire and you feel like you’re one step closer to that dream. Before you get too excited and start making arrangements to move, remember one key element of getting your Cheshire home: the negotiation process.

Many first-time Cheshire homebuyers, and even homebuyers that have been around the block a few times, can struggle with the art of negotiation. As a Cheshire real estate agent, I’ve had to oversee several real estate transactions, and I can tell you that knowing how to negotiate will only make the home buying process easier, but it will get you moving into your Cheshire, CT home faster. Here are some quick tips that will guarantee that the negotiation process goes smoothly.

Be quick on the uptake. Respond to counteroffers as quickly as possible. You want to take some time to come up with the best counteroffer possible, but too much delay leaves room for another Cheshire homebuyer to step in and create a bidding war. The best way to avoid that potential conflict? Consult your Cheshire real estate agent and make a counteroffer as quickly as possible.

Use your Cheshire real estate agent. Do you have a question for the seller? Ask them through your real estate agent. Contacting the seller directly could cause problems or confusion, as real estate lingo is very legally sensitive and hard to grasp for those who aren’t experts in the business. Even the most minor of changes to the agreement could cause problems with your lender! Your Cheshire real estate agent is there to help you catch these red flags early and guide you through the entire transaction, so use them!

Crunch the numbers. Before you finalize your decision about how much to offer on the Cheshire home you want to purchase, have your mortgage broker run a monthly payment on your offer price and estimate your property taxes and insurance. The slightest margin in payment can make a difference on your monthly payments on your Cheshire home, so make sure it’s an offer that you can really afford!

Knowing the art of negotiation can help you navigate the Cheshire real estate market much easier! When you finally find the Cheshire home that you want to buy, you’ll have a better idea about how to handle the negotiation process so you can make the best offer possible. The important thing to remember is that deciding to buy a home doesn’t mean that you’ll end up getting it, which is why knowing how to negotiate with sellers is so important. Choosing the right Cheshire real estate agent is key to all negotiations going smoothly. Sally Bowman Real Estate is always here to help guide you through the entire Cheshire home-buying process. Contact me today to start seeing some of the great Cheshire homes on the market!