Negotiation Tactics to Save Money on Your Property Purchase
Negotiation Tactics to Save Money on Your Property Purchase
Good negotiation starts with research: comparable sales, days on market, and seller motivation. A strong offer includes a fair price, reasonable contingencies, and an earnest money deposit to show commitment. When markets are hot, prioritize speed and certainty (pre-approval, flexible closing dates) to stand out.
Use inspection results, appraisal outcomes, and known market data to justify requests for repairs or concessions. Instead of asking for every repair, prioritize major safety or system issues and ask for credits or price reductions for cosmetic items. Consider creative concessions — seller paid closing costs, inclusion of appliances, or a leaseback — to bridge valuation gaps.
Keep emotions in check and communicate through your agent. Skilled agents frame requests professionally and preserve goodwill, which often yields better outcomes than aggressive, combative negotiations. Remember that a win-win close keeps both buyer and seller satisfied
.