Do you want to make an offer on a house all by yourself, without using the services of a realtor? Well, it is possible. Read on for some tips.
How to Calculate the Offer
First, calculate the cost of the house and its worth. Perform some intense research and know the value of other homes in your area. Even more, understand the improvements that were made to the house and other factors, before you decide on the best offer price.
Keep the End Result in Mind
What is the purpose of this negotiation, and how much are you willing to sacrifice to get the end result? Note this goal down on paper, and review it before you meet with the seller. Most of us have a certain budget in mind; we also have a little extra money to accommodate emergencies. However, when you see your goal in writing, you will avoid agreeing to an overpriced deal.
Understand the Difference Between a Seller and a Realtor
Indeed, there is a world of difference in the way that you should speak to a realtor versus the way that you should speak to a seller. With a realtor, you can be more honest and forthcoming about what you want and how much you are willing to pay; based on these discussions, the realtor will perform the necessary negotiations. On the other hand, when you speak to a seller, you should be more cautious; that is because when you give away too much, you might not get the best deal. So, understand this difference and know what to say to a seller and how to do it.
Hone Your Negotiation Skills
Certainly, you will need to hone your negotiation skills before you start to talk to potential sellers. That is because negotiation skills will help you get a great deal on the house by yourself, without using the services of a realtor.