Negotiating a Price For The Place You Want

The asking price isn’t set in stone, and there may be room for some negotiations to take place. Talk to your real estate agent about the possibility. They want to see you get into the condo for sale in Edmonton that you love the most. They realise how important it is to get a place in the right location and with the right layout. It also needs to be the right size for your needs.

They will do all they can to help you get the price to where you an afford it. Of course, you also have to be realistic with the offer you present. Your real estate agent can help you to learn about the going rate of similar property in the area. That is a great way to learn if you have some power to negotiate with a condo for sale in Edmonton.

Written Offer

The best way to go about it all is to get a written offer in place. Your agent can assist you with this part of it. If the loan is already approved, put that information in the offer information too. That can be very enticing to the seller as they will be able to see if they do accept your offer, the place is sold. They won’t have to walk around on eggshells waiting to see if you get the loan.

An offer in writing is professional and it lets the seller know you are serious about buying the condo for sale in Edmonton. They are going to pay attention to it and review it. Keep in mind, they may need a certain amount of money for the place. They may not be able to lower that asking price due to what they owe on it and the commission they will owe for the sale.

Response

Either way, the seller is going to respond to your offer. They can accept what you are willing to pay them for the condo for sale in Edmonton. If they do so, the final paperwork can be drawn up and a closing date assigned for the transfer to take place. They can refuse the offer and hold out for their asking price.

They can also toss out a new dollar amount they are willing to accept for the property. It is going to be more than your offer but it will be less than the initial asking price. When this reply comes back to you, once again you can decide to accept what the new asking price is or you can negotiate further.

Each time you go back and forth, the gap between your price and theirs is reduced. It does take time to negotiate the condo for sale in Edmonton price, but it can be worth it to save thousands when all is said and done. It can also make the difference between you being able to buy the place you want or having to pass it up to get something that costs less.

You aren’t going to know the outcome unless you make an offer and see what happens. It could all work out in your favor. Even if it doesn’t you made and effort and you don’t have to wish later on you had at least tried to see what would have come out of it. Give it time, you will get the right condo for the right price!