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How do I handle negotiations?
How do I handle negotiations?

How sellers will handle negotiations

Updated over 3 months ago

You will coordinate showings directly with potential buyers through the app, buyers will need to verify their identity in order to see your property.

Our platform provides resources and guidance on how to effectively negotiate offers, we do recommend involving an attorney in the process early and using our affiliate legal referral service Click Here

For Sellers

Set a Realistic Price:

Market Analysis: Use our Automated Valuation Model (AVM) along with our comparable market tool that shows recently sold properties in the app to set a competitive price that reflects the current market conditions.

Room for Negotiation: Consider setting a price that allows some room for negotiation, but avoid overpricing, as it can turn away potential buyers.

Prepare Your Property:

Curb Appeal: First impressions matter. Ensure your property is well-maintained and staged to attract buyers.

Pre-Inspection: Consider having a pre-inspection done to address any issues that might arise later in the buyer’s inspection, making your position stronger during negotiations. You can use our affiliate partner click here .

Assess Buyer’s Offers Carefully:

Strength of Offer: Look beyond the price. Consider the buyer's financial stability, whether they are pre-approved, and any contingencies they’ve included.

Flexibility: Be open to negotiating terms other than price, such as closing date flexibility or including certain appliances or fixtures in the sale.

Counteroffer Strategically:

Strong Counter: If the initial offer is too low, respond with a counteroffer that is closer to your asking price, but still leaves room for further negotiation. Our platform allows you to Accept, Counteroffer, or Reject and offer.

Multiple Offers: In a seller’s market, if you receive multiple offers, you can either choose the best one or ask for the highest and best offers from all interested buyers. Our platform organizes all offers for you to choose the one that is best for you.

Leverage Market Conditions:

Seller’s Market: If the market favors sellers, you have the advantage. Be firm on price and terms, and consider waiting for the best offer.

Buyer’s Market: In a buyer’s market, be more flexible and open to negotiations on price, repairs, or closing costs to ensure the sale.

Close the Deal:

Negotiation Tactics: Be responsive and fair in your negotiations to avoid losing a serious buyer. However, don't rush into accepting an offer if it doesn't meet your key objectives.

Professional Guidance: For those that want professional help, its suggested to work with a real estate attorney to handle negotiations professionally, ensuring that all terms are clearly communicated and documented.

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