Home Buying in 75039>Question Details

mur_eddie, Home Buyer in Jackson, MS

how to bargain a in buying a new home which was in market over 1 yr?

Asked by mur_eddie, Jackson, MS Wed Nov 6, 2013

We like the house. It is in the market for last 1 yr almost. Construction is good. But asking price seems high. But we would like to bargain. what is the best way to proceed. I do not want to upset the seller by quoting a low figure. But at the same time I do not want to stretch over my budget. I am a first time buyer. I did read some tips, but most concerned about old homes. If the price is 250K can I quote 210K as my limit is 235K. The real estate in this area is not so hot. So not many buyers. Appreciate any tips for negotiation.

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Contact any 1 Realtor and work with them only.
0 votes Thank Flag Link Thu Nov 7, 2013
you should have a realtor to represent you since its free for you anyways. You should take advantage of that.

As part of my office promotion. If you buy a home through me, I will move you for free within the DFW area!

Please let me know if there is anything I can do to help.

0 votes Thank Flag Link Thu Nov 7, 2013
I would be honored to assist you with your purchase as Realtor. I would need to investigate the history of the home, see property interior/ exterior and many more factors come into play prior submitting any sales offer.

Knowledge has power ....only way to win. Realtor fees are paid for my the seller not the buyer.

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0 votes Thank Flag Link Wed Nov 6, 2013
$210K isn't really a low ball offer, especially for a house that has been on the market that long, and I wouldn't worry about hurting the seller's feelings....at all. Just present your offer with a really strong qualification letter from your bank, and attach a cover letter telling the seller where you live, where you work, etc, just so they could learn something about you. Be pleasant and professional, and don't overspend.

Best place to start is to hire an Exclusive Buyer Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position. Visit http://www.naeba.org for a referral to an Exclusive Buyer's Agent in your area. If the house is in Irving, I'd be happy to assist you.

I've had a book published on Amazon called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll be the best $6 you've ever spent. Follow the link below.

Best of luck!

Alysse Musgrave
0 votes Thank Flag Link Wed Nov 6, 2013
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