Guidance For Negotiating In Oakton

For some people, here's the idea: there are no negotiations, there is no negotiation to handle, and allowing you to focus on your upcoming home ownership.   And, every now and again, it occurs like that. Surely, a few property sellers accept the first offer presented, and in Northern Virginia for various rationale. On the other hand, sellers are also known to reject offers in consideration of various rationale. Or make counteroffers. A counteroffer is likely if you make a very low offer, or when there are multiple offers. When you receive a counteroffer, it's your option. You can accept, continue negotiations or move on to the next home. Photo of 3179 Summit Square Dr #2-B8 In cases like these, as your Realtor, I'll be standing ready and I want you to reach out to me. I will be your guide to real estate negotiations in Fairfax County. When you think it's your home, then I'l help you to dicker. By this I mean that I will use my experience and negotiating experiences as we craft a series of offers and counter-offers to help get you the most compatible deal on the home of your dreams. I have the experience you need. When all this is happening, you'll be right there with me. . I’ll help you understand the negotiating practices we will deploy. Those basics will vary depending upon the garden-style condo but in 22124 in Fairfax County here are some basics we commonly come back. In 22124 in Fairfax County, let's examine a few rules every buyer should know at the outset:
  1. Act Fast — Like, Now

    When you receive a counteroffer, you should respond quickly — ideally within 24 hours. The longer you wait, the more space you leave for another buyer to swoop in and nab the property. Also? If a seller senses hesitation, they may decide to withdraw their counteroffer before you even have a chance to respond.
  2.  Increase Your Earnest Money Deposit

    Increasing your earnest money deposit (EMD) — the sum of money you put down to prove to the seller you’re serious (i.e., “earnest”) about buying the house — is another way to show the seller you have more skin in the game. A standard EMD is typically 1% to 3% of the sales price of the home. Making a counteroffer with a 3% to 4% deposit could be what you need to persuade the seller to side with you.
  3. Demonstrate Patience About Taking Possession

    Depending on the seller’s timetable, changing your proposed possession date — the date you take over the property — could butter them up, too. If the seller wants to stay in the home for a few days after closing, try offering a later possession date. You could also draw up a “rent-back” agreement, meaning the seller pays you rent for staying in the home for a set period of time after the closing date.
Will Nesbitt
Will Nesbitt
Are you interested in a attractive garden-style condo in 22124 in Fairfax County like 3179 Summit Square Dr #2-B8?
2 beds, 2 full baths Home size: 1,470 sq.ft. Added: 06/27/18, Last Updated: 06/27/2018 Property Type: Residential Garden 1-4 Floors for Sale MLS Number: FX10281849 Subdivision: Four Winds At Oakton

Properties in Oakton $308,750 to $341,250

Love me or hate me, you’ll know exactly where I stand.
 

Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.