Tips To Negotiate When Buying A House

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Tips To Negotiate When Buying A House
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• You should always make a point of involving a
  real estate agent in the buying process. An agent
  will be able to protect you and also uphold your
  interest during the home buying process. If you
  do not understand the terms and contracts of the
  process, he or she will explain them to you. The
  agent can also help you to negotiate the lowest
  buying price for the house you would like to buy.

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• Find out why the owner is selling the house. This
  will help you know when they will be moving out
  of the house. Maybe you are in hurry to move in
  that house but the owner has not found a new
  house just yet. Making an offer on such a house
  maybe risky since the owner may be hesitant to
  move out of the house even after you finish
  paying for it.

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• Analyze the property market and find out what is
  happening. If for instance the prices for homes
  are shooting up, it means that the seller will
  have an upper hand and therefore you will not
  have much to negotiate. But if the home prices
  are dropping, the market favors you and therefore
  you have more room to negotiate.

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• You will need to establish if there are other
  people interested in buying the house and if
  there are offers that have already been made on
  it. To gain an edge over other interested buyers,
  you can make your offer to be slightly above the
  asking price for the house, but not too high such
  that you end up paying over the odds.

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• Avoid being attached to the property right away.
  You should try not to show the seller that you
  really want the house. If the seller notices that
  you are really interested in the house, they can
  make it hard for you to negotiate the price.

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