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There are plenty of benefits to owning your own Boise property and you shouldn’t be left out of any of them. It all starts with your offer to purchase and negotiating a price you are excited about.
Are you afraid of negotiating a price for some of those beautiful Boise homes? You’re not alone. Some people are too afraid to even think about negotiations, but it doesn’t have to be an unfriendly game. Here are some ideas on how to handle the negotiation process, making it a little less stressful come offer time.
#1 - Get Pre-Approval If you’ve read this once, you’ve read it a million times, but it really cannot be stressed enough. There is hardly anything worse in the home buying process than choosing a home of your dreams, and then not qualifying for the mortgage. Get approved for a certain amount ahead of time, and then you’ll know exactly what you have to work with.
#2 - Start with a reasonable but low offer. You don’t want to go too low, or you risk shutting down negotiations by insulting the seller entirely. This is a tricky dance, but your buyer’s agent can help you with his or her experienced opinion. If you’re completely lost about where you should start your pricing offer, ask a real estate agent that you can trust. Typically they have enough experience to tell you if your offer is too low or too high. Choose the right amount, and the seller may take you up on your offer right away. If they bring you a counter offer, consider it seriously. Also, see tip #3 — they may offer to add accessories and amenities to the home instead of bringing down the price. Make sure those factors are weighed in before saying yes or no.
#3 - If the price won’t budge, perhaps the extras will. Some sellers feel they’ve put a lot of equity into the house they’re selling, and they believe their price is firm and not open to negotiation. When looking at comparable Boise homes, you may want to be flexible and ask for additional amenities, such as having the sellers include new flooring, appliances, etc.
#4 - Don’t fall in love....yet Just because a house is wonderful doesn’t mean it’s the only one of its kind. Don’t get so attached to a particular home that you wind up overspending due to a seller being unreasonable. Know when to move on to the next place. It might even be a better place than the one you thought you wanted. Don’t be afraid — just follow these four tips to make the best offer possible — one that won’t insult the seller, and one that’s a completely fair deal for you.
Hughes Real Estate Group is committed to being your leading Idaho real estate provider. Experience a successful home buying process from start to finish!
Our on-call agent is available 24/7 to show any Idaho homes or simply answer your questions: 208.571.7145
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.
Listing information last updated on February 27th, 2017 at 5:37am MST.