Posted on January 17, 2010
Tip #20
Don't be pressured into a quick deal if it doesn't feel right!
While you want to move expeditiously once you're in negotiations, don't let the other side pressure you into a quick close. It may be a sign that there's something you should know, but don't. And the reason could be worth money.
Tip #21
Don't be afraid to negotiate!
You may be the type of person who prefers a hard-and-fast price tag on everything. "I don't like to haggle," you say. But negotiation is the key to getting a good deal. If your goal is to get the best home possible for the least amount of money, then you had better be prepared to play.
Tip #22
Stay out of bidding wars!
Sometimes, the seller's Realtor will try to scare a hesitant buyer with the threat of another serious buyer. Don't fall into this trap--it will only cost you money. If there is another buyer, then the seller's agent will try to get a bidding war going. In these situations, whoever wins also loses because the buyer ends up overpaying.
If there isn't another buyer, there's a good chance that "the other deal" will fall through and the seller's agent will come calling. Be sure to let the other side know that you might be interested if that happens before you walk away.