Chik-Sum Gong, Home Buyer in Brooklyn, NY

What shall I do if a seller refuse to negotiate the list price?

Asked by Chik-Sum Gong, Brooklyn, NY Mon Nov 14, 2011

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Don Tepper, Agent, Burke, VA
Mon Nov 14, 2011
Try negotiating on the terms.

If that doesn't work, your three options are:
* Pay the asking price.
* Wait. If the property doesn't sell, the seller may become more flexible on the price.
* Walk away.

Understand: There's no requirement that a seller negotiate at all. Beyond that, there's no absolute expectation that a seller will negotiate. Some are prepared to. Others aren't.

Hope that helps.
0 votes
Scott Godzyk, Agent, Manchester, NH
Mon Nov 14, 2011
You need to assess what the property is worth in todays market, base your offer on that. If the seller is firm and the sellers price is higher, than present your comparable sale sheets and if the seller still wont move, you may have no choice but to move on
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Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Mon Nov 14, 2011
Offer full price or find another home. Negotiate may not be the right description, if the offer was so low you may have insulted the seller.

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0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon Nov 14, 2011
Chik-Sum Gong,
Does the homes value equal the list price or are you negotiating the price down as a MATTER OF PRINCIPLE?
Do you have a second or third choice?
Will you be financing?
Do you have cash to pay the difference between the list price and appraised value?

Don't be so clever you trick yourself out of the home your really want.
0 votes
Shanna Rogers, Agent, Murrieta, CA
Mon Nov 14, 2011
Hi Chik-Sum Gong,

If your Realtor cannot get the Listing Agent/seller to negotiate and you feel the list price is too high, find another property.

Shanna Rogers
SR Realty
0 votes
allan erps,A…, Agent, Pearl River, NY
Mon Nov 14, 2011
Probably move on! It may be for the best
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Don Maclary, Agent, Virginia Beach, VA
Mon Nov 14, 2011
An agent should be negotioating that for you, Are you working with one or would you like a refferal to a Realtor to assist you.
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