Don't Be Afraid to Negotiate When Buying a Home

Negotiating is a common part of many transactions, and buying a home is no exception. If you find a home you love, don’t be afraid to negotiate with the seller on the price.

Here are some tips for negotiating the price of a home:

  • Do your research. Before you start negotiating, it’s important to do your research and understand the market value of the home. This will give you a good starting point for negotiations. *Ask your lender for a home value report.
  • Be prepared to walk away. If you’re not happy with the seller’s offer, be prepared to walk away. There are plenty of other great homes out there, and you don’t want to end up paying more than you can afford.
  • Be respectful. Even though you’re negotiating, it’s important to be respectful of the seller. Remember that they’re also trying to get the best possible price for their home.
  • Be prepared to compromise. In most cases, both parties will have to compromise in order to reach an agreement. Be prepared to give a little in order to get what you want.

Negotiating the price of a home can be a daunting task, but it’s important to remember that you don’t have to go it alone. Your real estate agent can help you negotiate the price and get the best possible deal for you.

Here are some additional tips for negotiating the price of a home with your real estate agent:

  • Be clear about your budget. Let your real estate agent know how much you’re willing to spend on a home. This will help them determine a fair offer price.
  • Be prepared to justify your offer. When you make an offer, be prepared to justify your price. This means being able to explain why you think the home is worth what you’re offering.
  • Be willing to listen to the seller’s counteroffer. The seller may not accept your initial offer. If they don’t, maybe there is an opportunity to receive seller contributions or have the seller pay closing costs.
  • Be patient. Negotiating the price of a home can take time. Be patient and don’t give up until you reach an agreement that you’re happy with.

By following these tips, you can increase your chances of successfully negotiating the price of a home.

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Eddie Gamez

Loan Officer
NMLS #211994
Call/Text: 915 706-0950
[email protected]

Eddie is located in Austin, Texas
Lending In AL, AZ, CA, CO, DE, FL, GA, HI, ID, IL, IN, KS, KY, MA, ME, MI, MN, MO, MS, NC, ND, NH, NM, OH, OK, OR, PA, UT, SC, SD, TN, TX, VA, WA, WI & WY

Corporate Office:
Edge Home Finance Corporation NMLS #891464
5868 Baker Road
Minnetonka, MN 55345
Arizona Mortgage Broker License #MB-1007405
Massachusetts’s license #MB891464

As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. Edge Home Finance Corp is a licensed mortgage broker in the following states AL, AZ, CO, FL, GA, HI, IL, KS, KY, MA, ME, MO, MS, NC, ND, NH, OH, OK, OR, PA, SC, TN, VA, WA WI and WY. The following states require disclosure of licensing information. (If your state is not listed, it does not require a specific license disclosure):
CALIFORNIA – Licensed by the Department of Business Oversight under California Finance Lenders Law
COLORADO – Edge Home Finance Corp, 4530 W 77th St Suite 365 Edina, MN 55435, (763) 219-8484; to check the license status of your mortgage broker, visit http://www.dora.state.co.us/real-estate/index.htm
TEXAS – CCONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV