How to Negotiate the Best Price When Buying a House!

Learn how to negotiate the best price when buying a house with these tips! From offers to contingencies, I'll show you how to get the best deal possible.
#HowToNegotiateHousePrice #realestatenegotiations #negotiationtips

Who doesn't love getting the best deal possible!? Let's explore how to negotiate the best price when buying a house! *Timeline & More Info Below*

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📒 Show Notes 📒
What you'll learn:
1. How do you negotiate buying a house?
2. Can you offer less than asking price on a house?
3. Tips for negotiating a house purchase!

NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)

Timeline:
0:00 - Intro

0:41 - Know what the comparable sales (aka "comps") are selling for in your area!

2:11 - Compare your comps to the house you want to buy. Learning this step will assist you know how to negotiate house price down or if the price is right already.

3:20 - Adjust the value of the house you like by adding or subtracting value based upon what makes it FAB. FAB = Features, Amenities, and Benefits Knowing this will guide with how much can you negotiate on a house!

5:20 - Craft your offer with your trusted real estate advisor and review together the items to negotiate when buying a house!

8:04 - Know how the seller can respond to your offer. Getting clear on this upfront will help keep your emotions in check when negotiating real estate!

9:46 - ALWAYS keep your budget in mind. Don't shop for homes more than your loan pre-approval amount. In the case of cash, be sure to shop within your budget!

11:31 - Be reasonable and open-minded during your real estate negotiation!

13:55 - Understand what makes the real estate market TIC! TIC = Trends, Indicators, and Conditions. This is perhaps of one the most important real estate negotiation tips you'll ever learn! How the market is TIC'ing will impact how best to write your offer!

16:44 - Keep your EGO in check! EGO = Your Drunk Monkey!

17:19 - Know when to hold it... and when to fold it!

Thank you for watching! =)

Enjoy an amazing day!
Andrew Finney
Trusted Real Estate Advisor, USMC Veteran
License S.0173260
#AndrewFinney

Andrew Finney Team
King Realty Group, Inc.
6955 North Durango Drive Suite 1004
Las Vegas, NV 89149

Disclaimers/ Credits:
Disclaimers/ Credits: At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.

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[ronmendoza]

Pay in full in Cash. No mortgage payment.👍👍👍

[BajaChick]

I have a question ! We put an offer on a home that started at $499, 000 and we viewed the home when the owners did very little home improvements but decided to raise their price to $525, 000 . I think our lenders didn’t do a great job explaining the cost for a loan at this price because everytime we asked them, the “estimate” always kept going up . It has gotten to a point that we can’t afford the monthly payments on this $525, 000 house . When our lender had given us multiple estimates of mortgage payments. So I’m wondering if we have already placed our EMD payment is there still time to re-negotiate the asking price?

[margaretmathis]

Hey, Andrew! Back to an earlier We finally have a buyer for our house. But she wants to assume “early occupancy.” She has it all spelled out in her contract (assuming utilities, paying us rent, insurance, etc), and our agent feels confident that it’s all legit. Even though the “early occupancy” is only 4 days prior to closing, I have concerns. Actually, have had concerns since she made her offer a week and a half ago (having to do with her financing), but they’re based on “gut” feelings. We have dealt with an unauthorized “early occupancy” in the past, although that worked out in the end. Now, I’m going to have to go back and re-watch your video. Edited to add: Buyer understood our concerns against “early occupancy, ” and decided to go on and schedule closing. This was after our agent recommended a non-refundable deposit and some more stringent requirements to be put in place — I think that’s what changed her mind, LOL!

[LuckyTackles]

Hey Andrew, im 26 from Quebec, Canada and looking to buy my first home, your videos are great. They help me to learn the basics. Thank you

[cherrie]

I like your videos. Wish you were in Montana. I was terribly taken advantage of in my house purchase.

[looklikefamous]

Do you think making two offers on two different homes is a good idea? Can you talk about this?

[makailanai]

this is a general question...when negotiating offer how much does all cash factor in. ?

[DJdeath]

Hello, I would like to know if you know of any trusted realtors in the southeast Pennsylvania area for a first time home buyer?