Real Estate & Rental Information About Potomac Yard

Do You Need Any Advice For Negotiating A Purchase Like 1604 W Abingdon Dr #201 In Alexandria?

Oftentimes, here's the idea: the offer is perfect, there is no negotiation to handle, and instead you can spend your valuable time worrying about paint colors and moving companies. Andrew Patton And, now and then, it come ups kind of like that. We know that, several sellers accept any offer they gaze upon, and in The City of Alexandria for various rationale. Conversely, home sellers are also known to reject offers for heaps of reasons. Or make counteroffers. A counteroffer is probable if your offer is conditional, or when there is more than one offer. When you receive a counteroffer, it's your option. You can accept, continue negotiations or move on to the next place of residence in Alexandria, Virginia. Photo of 1604 W Abingdon Dr #201 In cases like these, as your Realtor, I'll be standing by so you can talk to me. I will be your guide to real estate negotiations in 22314, say the word and I'll help you to squabble 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 most suitable deal on the home of your dreams. I've dedicated my professional talents to this. When all this is happening, you’re not just going to sit there. I’ll help you understand the negotiating basics we will deploy. Those conventions will vary depending upon the condo but in The City of Alexandria there are some conventions that we use repeatedly. In Alexandria, there are several tactics every home buyer should know at the outset:
  1. Raise Your Price (But not too Much)

    If you started out with a really low offer, you may need to increase the amount of your offer – but not too much because you don’t want to overpay. Your agent will be able to give you some tips on how to increase your offer to make it more enticing to the seller. Using “comps” –  homes in your area that have recently sold and are similar in terms of square footage and features – I will be able to persuade the seller to see the appeal of your offer. As I negotiate, the situation may become stressful and may feel like it’s escalating quickly. You might even feel the urge to do whatever it takes to win. I’m there to help you keep some things in mind so that you don’t go overboard.
    • Your lender has given you a pre-approved amount that you cannot exceed.
    • You must never overextend your budget.
    • You need to be comfortable with your purchasing amount because even though you buy a home, you still want to be able to enjoy it. Besides, you need to remember that you’re not out of options yet!
  2. Be Patient about Taking Possession Adjusting your proposed possession date, which is the date you take over the property, could be more appealing to the seller, depending on their timeline. If the seller isn’t quite out of the house by closing time, you could propose a later possession date. A “rent-back” agreement would be another option. This means that if the seller remains in the house for a period of time after closing, they would pay you rent for that time period.
  3. Increase Your Earnest Money Deposit

    Your earnest money deposit, or EMD, is the amount of money you put up front to prove to the seller you are serious about buying the house. Increasing your EMD shows the seller that you’re more serious about the sale. The EMD is usually 1% to 3% of the sales price of the home. If you offer 3% to 4%, the seller may be more likely to side with you.
Andrew Patton
Andrew Patton
Are you interested in a $268,000 1-bedroom 1-baths colonial-style condo in Alexandria, Virginia like 1604 W Abingdon Dr #201?  

1 beds, 1 full baths

Home size: 610 sqft

Added: 05/14/21, Last Updated: 05/15/2021

Property Type: Condo for Sale

MLS Number: VAAX259822

Subdivision: Potowmack Crossing

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List Price: 268000.00

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Properties in 22314

Andrew Patton
Andrew Patton
For real estate in the City of Alexandria, contact me, Andrew Patton, at (703)765-0300.  
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