Negotiating an Offer to Purchase a House with the Seller

You have found the house of your dreams and you are ready to make an offer. Even if you have a stellar realtor on your side, you will want to have a general understanding on how your offer should be done and what types of negotiations may go on when you make an offer on a house.

When negotiating with a seller you will need to keep in mind that, even though the seller is selling their home, it is their home and therefore they are likely to be vested emotionally in the property. Remembering this can carry you a long way in having successful negotiations with a seller.  Here are some things to remember when you begin negotiations with your seller.

  • Be Reasonable – Negotiations are inevitable but be reasonable. Low-balling or expecting improvements, not repairs, to a home before purchase is unreasonable and likely a deal breaker.
  • Be Personal – Know why the seller is selling and let the seller know why you are interested in buying their house. It is also important to know how long the property has been for sale and what the time frame in which the seller is trying to sell the home. These can be helpful when negotiating.
  • Be Knowledgeable – Know the market and what comparable properties in the area are selling for before you make an offer. You want to be able to explain why you are negotiating with the buyer. 
  • Be Flexible – In the end, be flexible with the negotiations. If you want repairs done on the home, be willing to pay a little less for the house and do the repairs yourself. If you want to pay less money for the house, consider keeping the selling price the same but asking the seller to include some home furnishings or cover some of the closing costs.

Having a plan before negotiating with a seller is a good idea. It will make your offer well received and possibly help you get what you are looking for out of the negotiations. Negotiating a home sale can be tricky. Enlisting the assistance of a qualified Realtor is the best way to make certain you get the best deal on the house you plan to purchase.

Homes for sale in Ada County between $140,000 through $150,000 provided by IDX/IMLS that are current no matter which date you click on the listings below.