Negotiation in a buyer's market! - YouTube
О сервисе Прессе Авторские права Связаться с нами Авторам Рекламодателям Разработчикам...
О сервисе Прессе Авторские права Связаться с нами Авторам Рекламодателям Разработчикам...
Joanne Cleaver, a former real estate editor for the Milwaukee Journal Sentinel and the author of a book on negotiating realtor commissions, emphasizes the importance of applying market trends to evaluate agent compensation.
Homes stay on the market longer in a buyer’s market. This is often due to a higher number of homes being listed on the market, fewer potential home buyers, or both. With fewer offers coming in, sellers are more willing to be flexible in contract negotiations.
A financing contingency is a given in a buyer’s market if you’re pursuing a loan, but you may also be able to negotiate other challenging contingencies, such as a sell-to-buy contingency, making the deal contingent upon the sale of your current property.
How do you negotiate with a seller or a salesperson, especially in a buyer’s market? In this episode, we build upon our previous video: negotiating on the purchase price of a home but this time with tips from a realtor. We discuss best ways to negotiate house price and how to do market research.
As a general rule it certainly is not a good idea for a buyer and seller to talk directly with each other during negotiations. But I have had buyers who did talk to a seller to get instructions on how to operate an irrigation system.
However, this rate can vary depending on factors like the type of house, its value, and other market conditions. By ensuring the buyer’s agent is well-compensated, your listing agent might find their job more manageable and be open to negotiating a lower fee for their services.
Buyers can often get better deals by negotiating home prices. You should also be open to negotiating other aspects of the transaction, such as who pays fees or the timeline for closing. Your ability to negotiate depends heavily on whether you’re in a buyer’s or seller’s market.
A lot depends on your local market conditions. If you’re in a buyer’s market — meaning the supply of homes exceeds demand from buyers — you may have to make some concessions to secure an offer.
Plus, for many agents, the marketing dollars for a property come from their commission, so a lower fee could mean less advertising for your property. What if the real estate agent is representing the buyer and the seller?