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| Negotiate Terms |
| It's important to keep your perspective during
negotiations. If you're working with an agent, tap their skills,
experience and--most importantly-- their objectivity. Negotiations
should be friendly and progressive, not antagonistic. Other
basics to keep in mind: |
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Start with your
best offer.
That means a realistic price based on market conditions and
comparable listings. The closer you are to reality, the closer
you'll get to closing. |
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Save room to maneuver.
Don't put everything on the table right away. For example, you
may be willing to pay a higher price to close sooner, but that's
a negotiating point to save for the counteroffer. |
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Match the seller, move for move.
For example, if you offer $10,000 less than the list price,
and the seller lowers the price $3,000, raise your offer $3,000
the next time around. |
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Avoid obsessing about a small price difference.
It may seem like a lot to you now, but over the life of your
mortgage, that extra $1,000 is negligible for a house you really
want. |
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