Real Estate & Rental Information About Potomac Yard

Pieces Of Advice For Negotiating A Real Estate Purchase Like 721 Massey Ln #B In Northern Virginia

Photo of 721 Massey Ln #B Oftentimes, here's the hope: your offer is perfect, forget about negotiating, and and rather you can turn your attention to your and you can ponder your property. Photo of 721 Massey Ln #B And, every now and again, it happens like that. By all means, several sellers accept the first offer presented, and in Alexandria because of a variety of reasons. On the other hand, real estate sellers are also known to reject offers for various reasons. Or make counteroffers. A counteroffer is very probable when you make a lowball offer, or when the property is in great demand. If the seller counters, it's now the shopper's turn to either accept, continue negotiations or move on to the next interior row/townhouse in the City of Alexandria. Photo of 721 Massey Ln #B In cases like these, as your enthusiastic agent, please talk to me. I will be your personal professional to real estate negotiations in 22314 in the City of Alexandria, say the word and I'll help you to wrangle with the seller. By this I mean that I will use my experience and negotiating prowess as we craft a series of offers and counter-offers to help get you the best choice of deal on your dream home. I have done this many times, and I can do it for you. During negotions, it won't be all me though. I’ll help you understand the negotiating rules of thumb we will deploy. Those ideas will vary depending upon the property but in 22314 here are some basics we often come back. In 22314 in Alexandria, let's dream about a few rules every buyer should know when negotiations initiate:
  1. Buy Your Own Home Warranty

    Sometimes home sellers offer prospective the buyer a home warranty. A home warranty is a plan that covers the cost of repairing major home appliances and systems, like the air conditioner or hot water heater, if they break down within a certain period (typically a year after closing). According to Angie’s List, a basic home warranty costs about $300 to $600 a year. If you want the home warranty, you can tell the seller they don’t need to cover it — then buy it yourself. Just keep in mind, whether you or the seller buy the warranty, you’ll need to pay the service fee (typically between $50 and $100) if something does, indeed, need to be repaired while under warranty. Also, FYI: A home warranty is entirely separate from homeowners insurance. Homeowners insurance — the security blanket that covers your home’s structure and possessions in the event of a fire, storm, flood, or other accident — is required if you take out a mortgage. It can cost anywhere from $300 to $1,000 per year.
  2. Increase Your Earnest Money Deposit

    Your earnest money deposit, or EMD, is the amount of money you put down when buying a home. Increasing this amount of money shows the seller that you’re more serious about the sale. Offering 3% to 4% as an EMD instead of the typical 1% to 3% may be what it takes to persuade the seller to side with you.
  3. After you receive a counteroffer, you should try your best to respond quickly – within 24 hours – so that no other buyers have a chance to put in an offer and steal the property out from under you. Additionally, if a seller senses hesitation after making a counteroffer, they may withdraw it before you have a chance to respond.
Will Nesbitt
Will Nesbitt
Are you interested in a $665,000 3-bedroom 2-baths home like 721 Massey Ln #B in the City of Alexandria? I can guide. 

3 beds, 2 full, 1 part baths

Home size: 1783

Added: 01/07/21, Last Updated: 01/07/2021

Property Type: Interior Row/Townhouse for Sale

MLS Number: VAAX253960

Subdivision: Old Town Greens

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List Price: 665000.00

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