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Advice For Negotiating Like 1679 Hunting Creek Dr In 22314 In The City Of Alexandria

For almost all buyers, here's the desire: the seller signs off on your offer, there is no negotiation to handle, and and you can spend the next few weeks addressing more pressing home-ownership questions, like “What color am I going to paint?” and “Do I put my oriental rug in the living room or the den?” Photo of 1679 Hunting Creek Dr And it could happen. Naturally, some townhouse sellers accept any offer they gaze upon, and in Alexandria, Virginia in consideration of various rationale. But, real estate sellers are also known to reject offers for many reasons. Or make counteroffers. A counteroffer is particularly likely if you make an offer with lots of conditions, or when you’re up against multiple competing offers. When you receive a counteroffer, it's your option. You can accept, continue negotiations or move on to the next abode in 22314 in the City of Alexandria. Photo of 1679 Hunting Creek Dr In cases such as these, as your super agent, I'll encourage you to reach out to me. I will be your guide to real estate negotiations in Alexandria, when you think it's your home, then I'l help you to squabble with the seller. By this I mean that I will use my experience and negotiating experiences as we craft a series of offers and counter-offers to help get you the right deal on the home you really want. It's the reason real estate agents like me exist. When negotiations are on-going, it won't be all me though. I’ll help you understand the negotiating tactics we will deploy. Those tactics will vary depending upon the property but in 22314 in Alexandria here are some basics we frequently come back. In 22314, here are three rules every shopper should know when negotiations begin:
  1. When you receive a counteroffer, responding quickly – within 24 hours – is important because the longer you wait, the more time you leave for another buyer to make an offer that is better than yours. Also, a seller may withdraw their counteroffer before you can respond if they sense that you are hesitant.
  2. Let Go of a Few Contingencies — With Care

    Want to give your counteroffer an even bigger boost? Reduce the number of contingencies you’re asking for. It’s your way of saying, “Hey, look, I have fewer ways to back out,” which gives the seller more reassurance that the deal will close. But be selective: Some contingencies are too important to give up. A home-inspection contingency — the right to have a home inspection and request repairs — gives you an out if you spot major problems with the home (and protects you from buying a total money pit). You might waive a termite inspection if you’re in a state where the risk is lower. But ultimately, waiving contingencies depends on your market, your loan program requirements, your risk tolerance, and the circumstances of the house in question. And if you waive contingencies and then you find a problem, the seller isn’t responsible for fixing it.
  3. Raise Your Price (But be Reasonable)

    While you don’t want to overpay for a house, you may have to offer more money, especially if your first offer was a lowball offer. Listen to your agent’s advice about how much to increase your offer by to make it more enticing to the seller. As your realtor, I will be able to make your counteroffer look even more appealing by bringing attention to the prices of other homes in the area of similar size and with similar features. Although the situation may seem to be escalating quickly and will get stressful, you need to make sure you don’t make any impulsive decisions. In order to make sure you don’t go overboard, we will keep a few things in mind:
    • No matter what, you won’t be able to exceed the amount your mortgage company pre-approved you for.
    • You should not overextend your budget.
    • You want to keep your counteroffer reasonable so that you can enjoy your new home but also keep living your life. Besides, you aren’t out of options yet.
Are you interested in a $979,000 Colonial, Contemporary-style property in Northern Virginia?  

3 beds, 3 full, 1 part baths

Home size: 2726

Added: 11/12/20, Last Updated: 11/14/2020

Property Type: Townhouse for Sale

MLS Number: VAAX252514

Subdivision: Old Town Greens


List Price: 979000.00


Properties in 22314

Porto Vecchio
Porto Vecchio has brick exterior

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