Negotiating Home Price – How to Give and Take?

Home Price - Real Estate Prices - Give and Take

Negotiating Home Price – How to Give and Take?

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BMRI says no need for Negotiating Home Price – How to Give and Take?


Real estate prices are rising with each passing day. With rising costs, purchasing homes is becoming a daunting task for buyers. Negotiation is a key aspect of property buying which will make sure that you bag a good deal.


Do your research


Before finalizing the home you intend to buy, it’s important for you to do some research work. Get yourself acquainted with the current trends in the market, and get a list of the tentative prices in areas of your choice. Keep the list with you during negotiation. It is important for you to know the market value of a home to avoid paying extra.


Widen your options


Having options at your disposal eases the negotiation process. As a buyer, you should always look for homes in all those locations that you feel convenient. Prices vary according to locations and existing infrastructure.


Hire an agent


Hiring an agent during negotiation can ease the entire process. A real estate agent can help you find out exactly what you are looking for in a house. The agent will save precious time by eliminating homes that are beyond your budget. Choose an agent based on experience and check out his/her credentials in the market.


Find out about the seller’s motive


You may get a home at a lower price, if you find out about the motives of the seller. Sellers who are facing financial difficulties or need to move to a different place will normally accept a less price. If a property is lying vacant, then a seller will be even more eager to sell it.


Be composed


Buying a house on sale in a time-taking process. After you have zeroed in on a particular home, be patient and find out the various legal nitty-gritty associated with its purchase. Don’t rush and inspect the home properly. If you feel any repairs are required, get them done immediately.


Negotiate fairly


Negotiation is a tricky process. You need to do it fairly. Avoid making an offer that is far below the market price. Such an offer is an insult to sellers. You must offer a price that suits both the parties.


As a buyer, you have more negotiating power in the property market as there are many homes for sale. Entry of new players in the segment has made it quite competitive. You must make a reasonable offer to your seller to sweeten the entire deal. Buying a home is a one-time investment. Hence, it’s important to cover all the aspects before signing the contract.


Source by C Prabhakar



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Located at 15 min walking distance from station. Situated near to market,hospital, school, temple. It provides the finest for an Ideal Home.


It is one of the most reputable address of the city with easy access to many famed schools, shopping areas, hospitals, recreational areas, public gardens and several other public amenities. The Project is at a very good proximity from school, market, banks & station. A location which allows to enjoy a chill breeze of beach on weekend by just driving for 15 minutes.


Located next to Virar, it has direct road access to the Mumbai Ahmedabad Highway (NH-8). Mumbai Chhatrapati Shivaji International Airport and Bus stand are also easily accessible from here. In addition, beautiful beaches (Kelva, Mahim and Satpati), ancient forts (Kelva and Shirgaon) and Manor Dam in the vicinity of Palghar make the place an attractive tourist getaway. Maharashtra’s largest fishing center, Satpati is also at a driving distance from Palghar West.


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