Russ Wald

AZ Mr. Lister


West USA Realty

Negotiate Home Purchase With the Right Mindset

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It doesn’t matter how low an offer one puts for a house, they are always going to wonder if they paid too much, and for good reason! Unless you are a mnegotiate home purchaseaster negotiator when it comes to bargaining, no matter the type of purchase, one can easily drop the ball and end up paying more.

Don’t be too hard on yourself; the circumstances of such negotiations are usually out of your control. But what is in your control is your mindset before walking into a negotiation with your real estate agent.

You Might Have To Walk Away, Be Prepared For It

Even if the house you’re considering meets all your criteria like, design, amenities and convenience. Don’t go in telling yourself that you “cannot lose this house”, as you are likely to overpay. Rather, consider your situation and decide a scenario that is the most practical for you, and be prepared to walk away if you best offer isn’t good enough for the seller.

Ensure Your Offer Has an Expiry Date

When you place an offer on a house, you don’t want to give the seller a lot of time to consider other offers. When placing your best offer, remember to consult your realtor and give an appropriate expiration date. This strategy can also start the negotiation process early if the seller believes you are the best offer he is likely to get in the time frame provided.

Display Good Faith with Earnest Money

If you are interested in a home you can sweeten the deal for the seller by giving a large amount of earnest money. If you or your real estate professional recommends an amount of $2000, make a $4,000  earnest money deposit. This will give the impression that you are committed.

If you are considering the purchase of a home in Chandler or Tempe in Arizona, observe these negotiation guidelines when exploring the real estate market.

 

Perks of Buying a Home Rather Than Renting it

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Buy A Home – Some Reasons To Consider Purchasing Instead of RentingBuy A Home

If you are struggling in your decision about whether you should buy a home or rent it, after reading what experienced real estate professionals have to say you will find that the answer is pretty simple. Consider the following reasons to pay the 6 month advance on your rent.

Energy efficiency, More Savings

Owning a home allows you to make improvements to your home that promotes efficient use of energy. You can upgrade you air conditioning units to adding insulation. This way your monthly bills experience a significant drop. Home owners have the advantage to make incremental additions to their homes and that in time results in substantial savings.

Complete Freedom of Customization

When you feel like renovating an entire section of your home or knocking down a wall to allow making a master bedroom; if you own a home you can do so easily without a second thought. Such customizations can reflect your own tastes; you have the freedom to do so without worrying about your security deposit of course.

Buy Fewer Pieces of Furniture

People who own their own homes buy furniture for the long haul. They buy furniture as and when the need arises. People that move very often end up buying a lot of furniture to fit every new home. As a result most of that furniture becomes unusable when they move to a new place. People that own homes buy furniture that is actually going to stick around.

Enables Building more Income Streams

When you own a home of your own, you can make some extra money by renting out a spare room or the driveway to commuters. Realtors believe homeowners are getting creative with how they use their property to generate a steady stream of income. In the suburbs people even rent out patches of their lawn to people who wish to grow a vegetable garden.
If you are considering the purchase of a home in Gold Canyon, Chandler, Gilbert,  Arizona, get it touch with us, and we can guide you in your daunting endeavor.

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