So you're about to buy a home, but your problem is you want to negotiate the absolute best offer that you can and you're not sure how to do it. Well, stay tuned to this video because we're going to give you our top tips for negotiating a great offer where you really feel like you won when you're buying a home. Stay tuned.
So let's get right into the tips on how to negotiate an incredible offer as a home buyer in Surrey, BC. One that's going to make you smile and make you ultra successful.
The first one I want to share with you is day flexibility. One of the most important things to a seller is price, but of course, the other thing that's important is when they've got to be out of their home, the market could be busy. The market could be slow, but every home seller wants to know where they're going and feel comfortable about their decision to sell their house to you. This is why if you can offer that seller some date flexibility, it's going to make your offer much stronger.
The next tip to negotiate a great offer is to really have as quick of conditions as you can. No home seller wants to hold up their property for you to do your homework and your research on it while you have to go to the bank and make sure you can get financing or you want to get a home inspection and wait for the results of that to come in. Having quick conditions on your offer, within your comfortability level, really helps make your offer stand out and show that you're more serious and better prepared to buy that seller's home.
The next tip is to give the seller an offer price that is not insulting, respectful, but still accomplishes what you want to accomplish with your property price. There is nothing more offensive to a home seller than getting a price on their property that is so aggressively low that it's embarrassing. If you're from Surrey, BC and watching this video, we have a relatively productive real estate market almost all the time, regardless of what the market is doing, and homes generally are going to sell right and around where they should. It's very rare that I ever see a home sell for aggressively less than what it's worth. In fact, I don't know that I ever have by offering the seller a price that is respectful but still accomplishes. You working to get a great deal on the home, you've got a lot better chance of coming to terms of an agreement with somebody that you’re ultimately competing against.
The next tip is to use time to improve your offer. What I mean by that is you don't have to buy the home today, or maybe you do, but hopefully you're not in a situation where you have to buy the home right away. You don't have to make the decision this hour. You don't have to make the decision tonight, and using time is a huge benefit for either party in the transaction. I find in my real estate practice when people go to bed and wake up having a sober second thought, the Sun's hopefully coming up through
the window and everything looks a little bit brighter in the light of the new day. They tend to be a little more flexible in terms of what they're willing to negotiate specifically on the price of their home.
Now, of course, there's a balance there as well, because sometimes time could be a detriment to you, because there might be other buyers who are looking at that same property. You're going to want to clarify and break out a strategy with your real estate professional that's going to both allow you to get the home, but also to get a great price on it.
And my final tip is once you think you’re relatively close to doing an offer and getting agreement, always ask one more time. It never hurts to ask one more time if there's a little way to improve your offer, like maybe a couple of $1,000 off where you think you're really close to coming to an agreement with the seller. This is a great way to shave off maybe some of those closing costs that you’re going to incur when it comes time to transfer the property. But either way, you have to decide where the money is better spent in your pocket or theirs. In the end, you guys, you need to remember that both parties need to agree to put in sale together, so make sure you're respectful in your offers, make sure you try to work together, but also protect your interests as best as possible.
Guys, I'm Darin Germyn from the Germyn Group where we know you only got one chance to either buy or sell your next home, so we're here to help you get it right. If you need help buying or selling a home, make sure you check out the information below. We'd love to help you out your journey. Take care. We'll see you next time. Bye.
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