How to Improve Your Home
Buying Negotiation Strategy
Courtesy Landmark Bank
B
uying a home can be a stressful time for
both first-timers and seasoned veterans.
One of the biggest concerns that keeps
homebuyers up late at night is whether
their offer is high enough or if negotiations are working in the buyers’ favor.
Some homebuyers tend to overdo their negotiations and others under negotiate. As a homebuyer, you have to have a middle ground that helps
you get closer to your dream home. Here are a
few tips on how to improve your negotiation strategy.
Know the math
If you want to be a good negotiator, you need to
know all the math that is involved in the home buying experience. This doesn’t mean you have to sit
at home and practice equations, but you should
know different interest rate totals for the buying
price before you make a final decision, according
to U.S. World and News Report.
Paying $3,000 more for your house could be just
a few extra payments, and, in the grand scheme
of things, arguing over this could cost you your
future home. While a few thousand dollars might
seem like a lot, don’t focus too much on getting
your exact price range unless you’re ready to
pass up homes you’re set on. Before you enter
a negotiation, simply do the math for each side
and have that information as a nice card up your
sleeve if the seller isn’t budging.
Try not to get too invested
When making any major purchase, it can be easy
to dive deep into your savings account to afford
the exact thing you want. However, you should
always keep a clear and level head, especially
when you’re buying and negotiating a home. On
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TEXOMA AREA Living Well Magazine | FALL 2015
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