Understanding the Role of Negotiation in Home Purchases
Negotiation is a pivotal element in the home buying process, often serving as the deciding factor in securing a property under terms favorable to you. This initial stage sets the tone for the transaction and requires a blend of strategy, communication and foresight. For buyers, understanding the nuances of negotiation can mean the difference between an overpriced purchase and buying one at (or even under!) market value. More than that, effective negotiation can also influence the other terms and conditions of the sale in your favor. But negotiation is not a skill that all aspiring homeowners have practiced, making it important to prepare for this stage of your home-buying journey.