How do you negotiate a price of a home?
94714
The answer to this question depends on the market.  Some markets are "seller's markets".  If you are in one, you will probably have to offer MORE than the asking price.  You may ask your agent to provide an MLS list of homes that have recently sold in the specific area you are considering.  Look at the days on market (DOM), the asking price, and the sale price.  If the days on market are low, you are probably in more of a seller's market.  Even so, look at how close the asking and sale prices are.  Take the sales in the last 30 days for that area and find the average cost per square foot for the type of home you are considering and use that average as a guideline (new construction cost per sq ft is usually higher than resale cost per sq ft. but consider recent renovations and lot size).  Always make the contract contingent upon a home inspection. There are some markets that are so favorable to sellers that buyers will waive this...I do not recommend doing that on a resale buy.  Always ask the seller to give you (at least) a one year home warranty.  Good luck!
1114778
my agent thinks our price is too high...  she doesn't know the area.  my mom's agent told her the price on her house was too high - soon as she got rid of that agent, she found another and raised the price.  the buyers paid the higher price.  imagine that.\n\nHere's my question: SELLERS: Are you finding your agents want you to underlist your house so that it sells quickly and they don't have to work at selling it, but get the commission anyway?\n\nHummmmm.....
685694
It depends. Do you want to sell it yourself? Or do you want to have an agent sell it for you. If you opt for an agent I would say call or email me albert@rateonefinancial.com. Or you can call some of your local escrow companies and ask them who there hottest sales agents are. Remember that 10% of Real Estate Agents do 90% of the work. From my expierence most sales agents lack in expertise. If you choose to sell it yourself there are a Ka Zillion books that can help you. Its really not that difficult and you can save yourself some money. Most people are intimidated by all the legal paper work and such. but if it sounds to time consuming and difficult find a good agent. Or contact me. I offer free Real Estate advise and Home loan consultation.
571780
Try looking at the classifieds for houses for sale that you like. Once you have selected ask the seller if he's willing to do a lease with an option to buy.
1120904
REMEMBER: Sherman Antitrust Laws prohibit price fixing & market allocating, so basically, the rate of commission is negotiable in each and every case. Keep in mind that usually the commission is paid entirely by the SELLER, and that if selling, you may discuss with your realtor the rate of commission you are willing to pay him/her when you list your home for sale.  Once you have agreed upon in writing the commission you are willing to pay, then you are both bound by this agreement. Your realtor cannot, however, tell you what other companies charge,  what a "standard" commission is on a certain type of property (residential, commercial, agricultural, industrial) or anything of that sort. All they should tell you is "I charge _____% commission for this type of transaction."  In which case, you can negotiate this up or down as the two of you see fit. \n\nAlso please keep in mind that realtors are not salaried employees, they are independent contractors who only get paid when they have a closing. Please don't expect them to work for free.
99167
You might want to ask them if they are interested in a lease option. If they say no then you are likely out of luck for now. If they say yes then they are willing to sell it after a while.\n\nThey most likely want income for quite a while, and they might just not want to sell to someone that they suppose would not be able to buy. \n\nThe best bet is to keep renting it and keep asking. In a few years their whole motivation may have changed. If they know you want to buy it you will be the first they go to to avoid the commission. You need to keep reminding them in a nice way, don't beg and plead, just tell them if they ever change their mind and you haven't found something better you would be interested. You will likely have to pay a bit of a premium to convince them which might not be the best idea.\n\nConsider being an expert on the area you want to live and watch for properties that are being sold by other investors. If you see a house being sold to someone that looks like they want to flip it, or at a minimum lease option it, talk with them right after they buy it and tell them of your interest. You might be able to get a house nearby that you like for a better deal. And if you get to them first they might even paint it your favorite colors.
11315
If you have an agent, have them run a CMA (comparative market analysis) for the property.  This will tell you what other homes the same size, age and location have recently sold for.  From there, you can make a realistic offer.  I've had clients offer full price because of market demands, and I've had clients get $10-20k less because a particular area is slow.  You need more info!  You can email me if you have any further questions.
256300
First talk to a mortgage broker and see for how much you qualify for.\n\nWith that amount in mind search for the neigborhoods and locate several homes.\n\nWhen you decide on the house have it inspected by a certified inspector.\n\nIf you are working with a realestate agent they will help you make an offer.\n\nBest of luck
848951
Here are my two absolute rules for the first offer: \n\nOne, I want to know what the seller paid, when they paid it, and get an estimate of what they currently owe on it. This information is available from examination of the Land Records in most of the US, but may not be where you are.  Taking that information, I calculate what I think is their "walk away price", meaning that if they accepted, they'd leave the closing table with nothing at all. You have to add the mortgage payoff to their expected closing costs, like realtor fees, transfer taxes, etc. \n\nTwo, I don't WANT the seller to accept my first offer.  If they do, I know I offered too much. \n\nYou can offer the 120, and they either accept or counteroffer. If they counteroffer at say 140, and you say no, they cannot hold you to the 120. That offer has been rejected.   If you're willing to pay 120, offer it (or less), and if they say "no", you're not out anything.
714596
The buying public will decide what they want to pay for your house. If it is priced correctly, then, you'll get your price.
794442
Interview several real estate agents before you sign up with one. Ask questions and select one with whom you feel comfortable.  Don't ask if the fee is negotiable. All real estate fees are negotiable. Typically, real estate agents charge a percentage, from 1% to 4%.\nhttp://homebuying.about.com/od/realestateagents/tp/Agentinterview.htm
835823
The sellers will have to accept the contingency. If the market where you live is booming, they may agree. But to help your chances make an offer at or above the asking price. Just remember that the house is still available for other potential buyers to see and make offers on. So you need to move quickly.
321363
You mean strategies? You sound educated enough so must know someone on the inside. I mean someone who can negotiate a deal for you. If you have enough money try being the highest bidder.
674076
Ask the county assessor for the land value of the acreage. Then call a realtor who deals specifically with such things. Generally, the "going rate" is whatever you're willing to pay for it.
808280
My house has been on the market in Michigan for 1 1/2 yrs. I don't anticipate it selling any time soon as the market in this area is very slow right now. We just dropped the price $10,000 (it was already priced below appraisal) and still no nibbles. The only offers we have had were between 40,000 and 50,000 below the asking price (even after the price drop). Even at what we are asking now it is more than a bargain (it's a newer build on 10 acres). I am trying to talk my ex into letting me list it myself (it was written into the separation agreement that a certain realtor had to list it) so that I can drop the price another couple of thousand but still walk away without owing money on it.
137213
You will usually take as few as 15 days to as many as 45 days to close from the day you sign the agreement. So ideally you would make offers you expect to be accepted at 45 days from the move in date. You will then raise the offers them and tighten up the closing date as the deadline approaches if you have to move. Remember there is usually a day or two before it funds and you get the keys, or put in the offer you take possesion at closing. Otherwise it is at funding.\n\nYou should start getting comfortable with the market by looking on your own. You probably don't want to tie up your own agent for this long. So call the listing agent when you want to see inside a house. Otherwise just look at the prices and the paper and maybe drive by. Once you are ready to start making real offers within a month then get your agent lined up. You will even have several that you already talked to and you might like.\n\nAnother option is to start making lowball offers in the mean time and see if any get accepted. My wife and I started looking in Jan a few years ago and made offers 15% below the listed price if it was a very reasonable price, and as much as 20-25% if it was inflated for a big sell. (you can use www.zillow.com to help with valuation, but it isnt perfect remember). It took 8 offers (7 rejections) and we moved in in July to a house that was appraised for 10% more than we paid! Just tell your agent what the plan is so she isn't surprised when you don't come up to reasonable offers. You might even consider springing for lunch once in a while since you are really making her work hard.\n\nMake sure you can afford to have the house early if you get it, otherwise you might not want to try that.\n\nGood luck
953478
work with a realtor and they will find you the deal...but first, get pre=approved for a loan so you will know how much you can afford.  remember that 28% of your salary is all you can get financed for (in most cases)  chekc out american dream, they make down payment loans to 1stt time buyers