Quite often, buyers hope to spend as little as possible, while sellers wish to negotiate just as little. As a buyer, you would ideally want to use the right strategies right from the beginning in order to avoid a situation where the seller simply refuses to budge. So long as your offer is within the range of other offers by prospective buyers, you must be proactive try some creative ways to impress the home seller.
Knowing what they want
A clever strategy to employ in the process is to ask sellers what the sellers’ goals are. When buyers are aware of the needs and preferred uses of sellers, they are in a better position to accommodate such requirements. For instance, a seller may prefer a longer escrow period rather than a shorter one. You may use this knowledge to your benefit and improve your chances of securing the deal.
Paying in cash
Although it is not always a feasible option, offering to settle a deal in cash further motivates a seller to accept your offer, at times even when it is lower than the asking price. Even if you are to take out a mortgage to finance the purchase, it is advisable to get a preapproval letter from
Renting back to the seller
The home seller may not be prepared to move immediately after the sale. One of the many ways you could impress the home seller is to offer the seller to stay in the house for an extended period of time. This way, you could charge the seller a reasonable amount in rent and also impress upon them the fact that you care about their well-being, offering them some time to make necessary arrangements for themselves before you move in.
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