Let's face it – buying a home can be difficult, especially if you are forced to negotiate with a stubborn home seller. Fortunately, we're here to help you simplify the negotiation process and ensure that you can secure your dream home quickly.
Here are three tips that will enable you to avoid stressful negotiations with home sellers:
1. Do Your Homework
If you submit a fair offer on a home from the get-go, you may be able to avoid a stressful negotiation altogether. As such, perform plenty of housing market research before you submit an offer to ensure that your proposal will meet a home seller's needs.
Examine the prices of comparable houses in your city or town prior to submitting an offer on a residence. This will allow you to understand whether a home seller's asking price falls in line with similar properties in the area. It also enables you to browse the real estate market and ensure that you are ready to submit an offer on a particular residence based on what's available elsewhere.
After you do your homework, submit a competitive offer on a home. If the offer meets the home seller's needs, he or she may accept it immediately. Or, if the home seller issues a counter-proposal, you can always decline the counter-offer and check out other properties.
2. Don't Lose Your Cool
A negotiation can be frustrating at times, but a patient homebuyer will be able to remain calm, cool and collected at all times.
During a negotiation, it is important to remember that both you and the home seller have similar goals. Ultimately, both parties want to reach a fair agreement, one that satisfies the needs of all parties involved. And if you can find common ground with a home seller, you may be able to streamline the negotiation process.
If you feel like your emotions are getting out of control during a negotiation, take a break. Remember, you can always go for a walk on your own and hang out with family members and friends to alleviate stress. After you perform a stress-relieving activity, you may be able to return to the negotiating table with a fresh outlook as well.
3. Work with a Real Estate Agent
When it comes to negotiating with a home seller, there is no reason to conduct a negotiation on your own. Instead, hire an experienced real estate agent, and this professional will negotiate with a home seller on your behalf.
Your real estate agent will keep you up to date about whether a home seller accepts, rejects or counters your offer on a house. He or she also will offer expert recommendation to help you secure your dream home at a price that matches your budget.
Employ a real estate agent to help you manage negotiations with home sellers – you'll be glad you did. Your real estate agent will help you avoid stress throughout negotiations, and as such, make it easy for you to obtain your dream residence.
One very important, yet often overlooked aspect of setting up a home is that of lighting. We often take lighting for granted. We turn on a light in order to see something better, but there’s so much more to a well-lit room than placing a light anywhere in the space. Lighting should be done in layers. These layers include:
- Ambient lighting
- Accent lighting
- Task lighting
- Decorative lighting
For well-balanced lighting in a room, you should mix and match the types of lighting from these layers. Let’s break down the different layers of lighting:
This kind of lighting includes natural light sources such as windows and doors. Ambient lighting would also include pendant lighting and overhead light fixtures like a combination light/ ceiling fan.
Task lighting is exactly as the name denotes. You use this type of lighting when you want to complete some kind of task. These fixtures could include under the counter lighting, desk lamps, and reading lamps.
Accent lighting provides additional brightness to a room. These fixtures include adjustable lights and recessed lighting features.
Decorative lighting accents a room in a different way. These types of fixtures would be something like chandeliers, different colored light bulbs, and other lights that can be used for decoration.
The great thing about the right kind of lighting is that it will feature the best parts of a room. Do you have a painting that you love? Use lighting to bring it out. Is there a statue that you want to make stand out? Use a soft spotlight. You can even highlight your crown molding and ceiling features with some mounted sconces or rope lights along the edge of your ceiling for an added effect.
Spread It Out
One of the worst mistakes that people make when lighting a room is forgetting to spread out their light sources. All of the light in the room is concentrated in one spot, leaving dark patches in the space. This can be a decorator’s nightmare. This is why the layering method works so well. The lighting is spread out around the room and even. There won’t be any spots in the room where the lighting is overwhelming or on the flip side, not enough.
Use Your Windows
One of the other big mistakes in lighting is that people often forget to make use of the natural daylight. While you may need some lighting in a room that’s used often at night, there should be some great resources coming from right outside your windows. Don’t block this light! Use creative ways to direct the light accordingly like curtains and blinds. Don’t be afraid to leave some window space open as well to let the light shine in. While you don’t want to sacrifice your privacy, you do not want to live with your windows darkened all day, every day!
90 Glendale Road, Amherst, MA 01002
90 Glendale Road, Amherst, MA 01002
As a first-time home seller, you may feel the need to make a counter-offer based on a homebuyer's initial proposal. However, if the homebuyer rejects your counter-offer, you may be forced to return to square one in your efforts to sell your house and obtain the best price for it.
A homebuyer's rejection of a counter-proposal is not the end of a home selling journey. And for home sellers who know how to proceed after a counter-proposal is rejected, they may be able to streamline the process of getting the optimal price for any residence, at any time.
Now, let's take a look at three tips that a first-time home seller can use to handle a rejected counter-proposal on his or her house.
1. Consider the Homebuyer's Perspective
Why did a homebuyer reject your counter-proposal? A first-time home seller should consider why a homebuyer decided to move on from a house after a counter-proposal was submitted and learn from the experience.
For example, if a home seller held firm on his or her home price, a homebuyer may have been unwilling to pay this amount. Thus, a home seller may want to consider lowering the price of his or her residence in to help stir up interest from large groups of potential homebuyers.
2. Review All of Your Options
A first-time home seller who submits a counter-proposal and receives a rejection from a homebuyer still has plenty of options, regardless of the current state of the housing market.
For instance, a home seller can keep the price of his or her house intact. Then, this home seller can await potential offers that match or exceed his or her expectations.
On the other hand, a home seller may choose to conduct assorted home improvements to upgrade his or her house's interior and exterior. These upgrades can make a world of difference in the eyes of homebuyers, and as a result, may make a home more attractive than other residences that are currently available.
3. Collaborate with a Real Estate Agent
A real estate agent is a difference-maker for a first-time home seller, and for good reason. This housing market professional can offer expert guidance that a home seller may struggle to obtain elsewhere and ensure that a property seller can make informed decisions at each stage of the home selling journey.
With a real estate agent at your side, you can map out your next steps in the home selling journey accordingly.
Typically, a real estate agent will be able to tell you why a homebuyer rejected a counter-proposal on your residence. As such, you can learn from the experience and gain the insights you need to prevent the same problem from happening once again.
Selling a home can be difficult, particularly for those who have listed a residence for the first time. A real estate agent will help you take the guesswork out of selling your residence and do everything possible to ensure you can get the best possible price for your house.
Ready to overcome a rejected counter-proposal on your home? Use these tips, and you can proceed with confidence along the home selling journey.