171 Like 9 Dislike
How to make an offer on a house... learning how to negotiate in today's property market can get that next investment property at a discount and negotiation is a skill you CAN learn. Property investing is all about making a profit (ethically). It's about building your property portfolio by buying at a discount (ideally below market value - BMV - where you can) and then adding value... and a big part of this comes down to negotiation. DOWNLOAD CHECKLIST... https://yourfirstfourhouses.com/ Learning how to make an offer on a house - is where it all starts and in today's video - let me give you 6 BIG property tips to get you started. I hope you find this one helpful. All the best... Tony Law | Your First Four Houses with property investment for beginners tips that will hopefully help you in your property business or real estate endevours!
In today's home buying tips episode you'll learn 12 negotiation tips when buying a house! **Watch the full video to learn the best real estate negotiation tips for buyers! Thank you.** When buying a house, it's first important to identify the current type of real estate market your in. For example, a seller's market, buyer's market, or a balanced market. The buying a house negotiation tactics in this episode will serve you very well in any market. The use of the real estate negotiation strategies in this video may be slightly different in approach depending on the market conditions, at the same time, they will prove invaluable to your success! Here's a timeline of the how to negotiate real estate tips in this video. Please watch the full video first, then go back to your favorite parts. 1. 1:25 - Get Your Financial House in Order First! 2. 4:11 - Don't Get Hung Up on Small Price Differences! 3. 5:10 - Offer the Home's Value NOT Necessarily the List Price! 4. 8:16 - Be Ready to Move Quickly! 5. 10:13 - Don't Assume That Inspections Reopen Price Negotiations! 6. 12:10 - The Answer to an Unasked Question is Always NO! So, Ask! 7. 13:09 - Find Out Whey The Seller is Moving... If Possible! 8. 15:34 - Google Everything! 9. 16:43 - Expect to Compromise! 10. 17:59 - Look Past the Decor! 11. 18:59 - Terms Can be MORE Important Than the Offer Price! 12. 21:35 - Write a Personal Letter to the Seller! Share your favorite part of this video and your savvy real estate negotiation tactics with us in the comments section below. Thank you! If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want to know more about Las Vegas real estate negotiation, Las Vegas real estate, or buying a house in Las Vegas? Send me a message. I'm happy to help. Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 Call/ Text: 702-710-0287 Email: Andrew@AndrewFinneyTeam.com https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
http://www.freedommentor.com/determining-property-value/ - Discover the right way to determining property value.
Attorney William Bronchick (http://www.legalwiz.com) discusses three important negotiating ideas on real estate deals
When buying a property sometimes it can pay to keep a little something up your sleeve. Telling the real estate agent too much information can cause you to pay a higher price for a property and put you in a situation where you don’t have the maximum negotiating power that you could have. Today i’m going to look at 7 things NOT to tell a real estate agent so you can make sure that you’re in the best position when it comes time to negotiate. So what are things that we don’t want to tell our real estate agent or keep hidden away when it comes time to buying a property? ------------------------------------------- http://onproperty.com.au/125 - View the full transcription and audio version of this episode. http://onproperty.com.au/free - See real positive cash flow property listings
In today's real estate FAQ's episode you'll learn tips for getting a lowball offer accepted!
Let's begin with some basic how to buy a house questions that come up frequently.
Nearly every buyer always asks, "can I offer less money for the house," when they are ready to write an offer.
When buying a house, the list price and terms of the contract are negotiable. To weigh the odds of what is considered a lowball offer on a house, begin with understanding if the current market is a: sellers market, buyers market, or balanced market. Depending on the type of market will determine the likelihood of getting an offer accepted on a house, especially one quite a bit under list price.
The next question that usually pops up is, "how much should I offer on a house below asking price?" That's a great question! Real estate lowball offer mistakes occur when a buyer first doesn't understand the current market conditions and trends. Working with a savvy buyer agent, when a home buyer gets ready to write an offer, the agent will double check value. If higher than reasonable then the offer should be less than asking price. If the list price and valuations check out, then it's matter of motivation on behalf of the seller and the market conditions. (i.e. are multiple bids occuring? how long has the house been on the market?)
So, how to make lowball offers on a home successfully? First, understand the market conditions. (Yes, I'm driving this point home because it's critical to your success!) Next up, find the homes with the longest days on market that you like best. Next, schedule with your trusted real estate advisor to check them out asking your agent to "comp" the property before viewing the home. Ask your real estate agent if the home is overpriced, underpriced, or at the right list price. Chances are, if a home has a many days on the market over the average in your area, the price isn't right and the seller must come down if they hope to sell.
So, what percentage is considered a lowball offer. If the home is priced correctly, anywhere from 3%- 5% under list will definitely be low. If the home is overpriced then anywhere from 7%- 10%+ will be considered a lowball offer.
Here's the deal... In practice, me and my teammates have assisted home buyers get as much as 15% off the list price on occasion even in a seller's market. While it's certainly not the norm, every property, buyer, and seller thus negotiations are unique.
To balance that fact, if a buyer wants to consistently be unreasonable by making lowball offers on correctly priced homes or underpriced homes and not listen to the prudent counsel or learn how to make a successful offer, then I will consider the buyer unmotivated to buy a house and simply fire the client.
Please understand that when real estate agent's represent home buyers, we are looking out for your best interest and will assist you in getting the deal possible for the current market on both price and terms that help you get the home you want. Depending on your motivation to get the house, days on market, price, and market conditions, terms needed (i.e. buyer closing costs, home warranty, etc...) will determine the best way to make an offer on a house.
Be realistic, be smart, and listen to your trusted real estate advisor whether you'll be able to get your lowball offer accepted or not. Sometimes it does work out.
To get the most of this video, watch it start to finish and share your questions & comments, about when to walk a way from a home purchase with our community below. Thank you.
To get honest information the next time you're buying a home or selling a house contact a great local trusted real estate advisor.
If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help!
If you want to know more about Las Vegas real estate or buying a home in Las Vegas, please let me know. I'm happy to help!
Thank you for watching! =)
Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney
USMC Combat Veteran/ Real Estate Consultant
Call/ Text: 702-710-0287
BHHS, Nevada Properties
7475 W. Sahara Ave. Suite 100
Las Vegas, NV 89117
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)
Military Relocation Professional (MRP)
Awesome Music Courtesy of:
Song: Syn Cole - Feel Good [NCS Release]
Music provided by NoCopyRightSounds.
Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE
Download this track for FREE: http://bit.ly/SynColeFeelGoodDL