3 Things to Know When Negotiating as a Buyer

If you’re looking to buy a property you could find yourself up against some stiff competition. Recent statistics from RP Data showed that all across the country, more and more people are selling homes at better prices than they bought them for. Whether it’s regular home value growth or renovation work that pushes up listing prices, there’s one important step in the sales process that can get help you get a good deal on real estate – negotiation with the agent. So how do get good results at the negotiating table?

3 Things to Know When Negotiating as a Buyer

Know Your Limits

If you’re looking to buy a property this spring, you could find yourself up against some stiff competition. Recent statistics from RP Data showed that all across the country, more and more people are selling homes at better prices than they bought them for. Whether it’s regular home value growth or renovation work that pushes up listing prices, there’s one important step in the sales process that can get help you get a good deal on real estate – negotiation with the agent.

So how do you get satisfactory results at the negotiating table?

If you’re itching to get into a new property, it is always tempting to jump in and settle for what the seller wants, even if it’s out of your range. But it’s important to be patient. Set yourself a maximum price to begin with, and be realistic about it. For example, you aren’t likely to find a Sydney CBD bungalow for under $500,000. You could engage a valuer to give you a concrete reading on what a property is worth, and then work from there. But make sure you have set a bar that is as high as you will go, and stick to it – don’t sell yourself short!

Know the Seller

Whether you’re dealing with an agent or the seller themselves, it’s crucial to try and get a feel for the situation they are in. If they are desperate to get out of the property, you may be able to discuss a lower price than anticipated – but don’t push it too far or you could lose a sale. By using an agent, they will be able to do extensive research around the property and work out the reasons a seller is getting out of their home, which can give you valuable leverage at the negotiating table.

Know the Market

By getting around and understanding the value and growth of the wider property market, you can take some excellent bargaining chips to the table when you try to buy. If a listing price is well above that of surrounding homes, you can mention this – it also shows you’ve done your research, meaning no beating around the bush from the people you negotiate with. You’ll also get a feel for the neighborhood, and whether it’s somewhere you truly want to live.

Dressing up the Bedroom for Spring

While rooms like the kitchen and bathroom are important to get just right when you sell your property, it’s the bedroom a potential buyer will be seeing themselves resting and relaxing in. This is why you must pay special attention to your bedrooms when you conduct a spring clean.

While rooms like the kitchen and bathroom are important to get just right when you sell your property, it’s the bedroom a potential buyer will be seeing themselves resting and relaxing in. This is why you must pay special attention to your bedrooms when you conduct a spring clean.

By decorating your bed with lightly coloured throws and pillows, you will give a bright outlook to any bedroom. These additions also add a sense of relaxation and fun to any room – the bed doesn’t just have to be for sleeping, it can also be a great place to relax and catch some rays during the day. Vary the types and sizes of pillows you have on your bed for a true luxury feel! A bedspread or some foot stools can be a sign of a truly excellent bedroom that is hard to resist.

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Flower Power

It’s a classic for a reason – flowers add a huge level of freshness to any room or piece of furniture. By using minimalist floral prints on your curtains or sheets, you can create a warm, inviting spring feel to your bedroom. This doesn’t mean throwing out all your darker curtains or sheets, however – keep them aside so you can switch back when you want to return to a more wintry look.

Let the Sunshine In

Finding that your room isn’t getting all the direct sun that it should? Try shuffling your mirror placement, or moving furniture that is casting shadows over parts of the room. By maximising the sun that enters your room, you maximise its appeal for those springtime buyers.

Pastel Coloring

Decoist thinks pastel colours are on trend this spring, and they certainly are an excellent way of making a bedroom stand out from the crowd. Light pastel colours can catch the eye without dominating a room, and are an excellent touch to consider when you decide how to colour the borders or a door or wardrobe – or perhaps sneaky touches like individual drawers!

Pass the Basket

One part of the bedroom that people often don’t consider is a practical place to put clothes that have been worn. Not everyone’s bedroom is right next to the laundry, and clothes on the floor are never a good look. By having an attractive (and preferably empty!) laundry basket in a room, people can admire the practicalities of your beautiful springtime bedroom.

Of course, these are only a handful of suggestions for your bedroom, so feel free to experiment with other ideas to liven up the space. It you get it right during the spring selling months, buyers will be lining up to get in with an offer!