You have spent a great amount of time searching for the “Perfect Home” and now you’ve found it. You and your agent have visited the home several times and gone over every detail. Your agent has done an analysis of the market and helped you determine the best price to offer. This is it, you make an offer. The seller rejects it and counters with the full listing price. What do you do?
What you shouldn’t do:
Don’t take it personally. This is a business transaction and should be treated as such.
Don’t spend a lot of time and energy trying to show the sellers they are wrong. Sellers have their own motivations and expectations. You can present the facts and reasoning behind your offer, but if the sellers won’t budge on their pricing, no amount of reasoning will make a bit of difference.
What you should do:
Make your best offer. To leave room for negotiating, you probably did not offer the maximum you were willing to pay for the home. If the sellers are not responding to your offer(s) you should consider making a final and best offer and then be prepared to walk away and continue your search.
Move one to on. If you and the sellers can’t agree on a price, it is time to move on. It’s easy for you as the buyer to get hung up on a home you fell in love with. Remember there will always be more homes coming on the market.
Somewhere down the road once you have moved into your new home, you will probably think back to the house you “couldn’t live without” and realize the home you did purchase is even better.
If you are in the market to buy a home or just considering your options, it costs nothing to learn more. Call or email Linda for a free, no-obligation, no pressure consultation – 910.409.3519, Linda@LindaMehner.com.