You have convinced a potential buyer to make an offer for your house. Only the offer is not entirely satisfactory. What are you doing now? If the bid is unrealistically low, do not respond. That is the best signal to indicate that you do not think it is a good offer. It also shows that there may be others interested.
At the bottom of the article, we summarize the most important things for you. If the buyer really wants to own your house, it may still come up with a new bid. But more often the bid will be reasonable, but are you sure there is also a margin to get more money for your house. Then there is room for negotiation. That is why we explain in this blog how to negotiate the highest bid for your house. A visit to https://sacramentohomesre.com/ makes things perfect now.
Know what your minimum price is
To get the highest possible bid for your house, you also need to know what your minimum price is. Attention: keep this reasonable. You are not going to sell a terraced house of less than 100m² of living space at 500,000 dollars. But since there is a bid, your asking price will be okay and you have come across as credible. If the bid is a little too low in your opinion, there is room for negotiation. To ensure that the negotiations run smoothly, it is important that you have an answer to these 3 questions:
- What is your minimum selling price?
- What are the points you might want to negotiate?
- Where do you wish to add absolutely no water to the wine?
The answers to these 3 questions form the negotiating framework. If a prospective buyer continues to place a bid that does not comply with this framework, it is simple: no deal.
Selling your house should not be a gambling game.
Experts continue to revolutionize the real estate sector by using predictive analysis to:
- Find the perfect buyer for every home.
- Experts processes third-party user data such as Google or Facebook
- With its own algorithm to determine if that person might be
- Looking to buy a house, and if so, advertisements are created
- On different platforms in the hope of having they buy.
Profile your house
It is also important that you remain aware of the advantages and disadvantages of your home during the negotiation process. The advantages of your house are the arguments for asking for a higher bid. But the disadvantages, the reasons will be why your potential buyer offers lower. Make sure you have an answer for every possible comment. Certainly when your home type is not very unique in the environment, your profile will be important. The question that you have to answer for your potential buyer is: “Why do I buy your house and not that one street away?”
Every counter bid you make is your final bid
Super important is that when you formulate a counter-offer, you pretend that this is the final offer. Leave as little negotiating space as possible. So avoid expressions such as:
- To begin
- This is my first counter offer
- This is the bid and I will not drop much lower
These three unfortunate expressions will indeed invite your potential buyer to offer a lower bid. Because you show that your minimum price has not yet been reached.