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Home Articles Tips for Home Buyers Kalamazoo Homes - Negotiation Tips For Buyers
Kalamazoo Homes - Negotiation Tips For Buyers
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February 17, 2011, by Joel Nelson in Tips for Home Buyers

Looking for Kalamazoo homes can be an exciting adventure.  

When you finally find “the one” .....do whatever you have to do not to lose it.  But at the same time you have to be careful that you go about it the right way according to real estate professional Joel Nelson of Keller Williams Realty Kalamazoo.

 


While you are searching for Kalamazoo homes, why not use Kalamazoo Realtors?  After all, a buyer's agent is paid by the seller and will, in essence, be working for you for free.   The agent who has the house listed is working for the seller and have guaranteed them that they will get them the most money possible for their house.  The listing agent might not be in the best position to negotiate for you to get the lowest price and the best terms possible.

If you are looking at Kalamazoo homes and you instantly feel that you have to have this house or else, make sure you do not share this with the seller or their agent.  Keep it quiet that you have fallen in love.  By all means play it cool.  Imagine if you knew the seller was desperate to sell.  Wouldn't that affect your perspective of the negotiation?   If you get overly excited or show desperation it may be used against you during the negotiation.  Sellers may use this to their advantage when considering price, paying closing costs, etc., if they know you will do whatever it takes to get it.  Remember: buy logically- not emotionally.

Before you submit a contract make sure you know what your highest price will be.  Make it clear that if the price goes above that amount that you are willing to walk away from it.  Getting in over your head will make the home a burden instead of a joy.  On the other hand, a couple of thousand dollars over the course of the time you plan to live in the home may not be very significant.  Logic, not emotion.

When you submit an offer keep in mind what the asking price is.  Unfortunately, there are no magic formulas or equations to calculate what you should offer.  Of course, a buyer wants to get a good deal.  But take the seller's feelings into consideration, too.  Making a ridiculously low offer will probably insult them and significantly damage any credibility that your offer may hold.  The seller may be so offended that they refuse to work with you at all.  It happens all the time.  Even if they do overlook it the damage has been done and they will probably be less inclined to work with you on the details.

Finally, make sure that all items included in the sale are written out.   Do not rely on deals made on the side: people forget, both intentionally and unintentionally.

To learn more about buying Kalamazoo homes, visit the web site dedicated to Kalamazoo real estate.  At JoelBNelson.com you can search all Kalamazoo homes for sale, view the photos, study the prices and read all about the process of buying Kalamazoo homes 

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