How to Negotiate Offers When Selling a Home in Montrose, Colorado
Are you planning on selling your home? If so, you will certainly want to handle the negotiation process efficiently, so that you can receive the best deal possible!
But, with so much that will need to be addressed, such as moving dates, closing costs, and your home’s final sale price, you will have a lot on your plate to handle. Therefore, tasks can become overwhelming!
We know just how important negotiations are when it comes to selling a home! That’s why, here at Glenn Steil Style Real Estate, as Montrose real estate agents, we have comprised some insight to assist you with negotiating offers if you are selling your own home. So, if you are all set to learn more, be sure to read on:
· Receiving a Lower Asking Price. You will most likely want to negotiate if you have received an offer lower than your asking price! When doing so, know that you have a couple of options:
o Firm Counter Offers. To start, it’s best to try countering with your original asking price, or just a little bit lower of a price. By doing so, it shows potential buyers that you are a serious about selling your home, and feel that it’s worth your asking price.
o Counter Offers That Meet in the Middle. You could counter in the middle of your original asking price, and the buyer’s offer, which is fair for both parties.
· Closing Costs. Potential buyers will sometimes ask that you to cover all, or a portion, of the closing costs. Therefore, after you and the buyer have agreed on a price for your home, they will now ask you to cover closing costs, which presents you with some options:
o Decline. You could decline the request to cover any closing costs and see what the buyer thinks. Once you receive their response, you can then decide how to best move forward.
o Add. Another option is raising the sale price. So, you can cover the costs, and net out with the initial sale price of your home.
· Make Repairs. Potential buyers most likely don’t want to deal with any repairs if your home presents them. However, if you are selling your home, you most likely won’t want to deal with them either! So, here are some negotiations that you could present:
o Offer Money. If you don’t want to make the repairs yourself, you could offer more money so that the buyer can. By doing so, you can avoid delaying your home’s closing, and have one less project to handle.
o Present a Warranty. Or, you could present the buyer with a warranty. Home warranties are basically insurance policies that cover a home’s repairs.
Making efficient negotiations as a home seller is certainly of importance! These are just a few tips to assist you with doing so.
Are you ready to sell your own home with a real estate agent in Montrose, Colorado? If so, please get in touch with us here at Glenn Steil Style Real Estate, as we are all set to be yours!
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