PART 3 of 6: The Negotiator’s Nightmare
Buying a house is stressful, especially for first-timers!
Because most people don’t deal with stress well, they end up making bad decisions just to get them out of the way. These rushed decisions inevitably lead to regrets, but it’s an opportunity to learn for the rest of us. Reddit invited homebuyers to discuss what they regretted most about the process. As a community, several lessons came up again and again. This 6-part special series curates some of their most surprising and helpful real-world advice to use when you buy your home.
Regret #3: The Negotiator’s Nightmare
It’s always useful to have a good negotiator on your side. After all, you want to save as much money as you can, right? So why are you so afraid of negotiating?
Buyers are hesitant to negotiate for three main reasons:
- They aren’t sure if they’re legally allowed to
- They want the seller and the agents to like them
- They assume the seller always says no
As a friend, you need to know that all three concerns are moot!
Up until closing, negotiations are always allowed, especially if you’ve discovered flaws in the house. Master Bedroom not as big as you thought? Maybe you can deduct $500 off the price! Garage too tight a fit for your giant SUV? Offer less! Wish the backyard was bigger? Drop your offer a bit more!
Don’t be afraid to try; the worst that can happen is, seller says no. And as long as you’re friendly and reasonable, no one will dislike you for negotiating. So break out of your shell a little and save yourself big bucks!