Nobody likes to barter and haggle yet it’s still the best way to get a price that suits your budget when you’re looking for houses for sale in Penrith. However, you don’t have to go through the negotiation process alone. Bricks & Mortar Real Estate Agency will do all the face to face meetings and paperwork for you. You can be confident that we are on your side and negotiating the best Penrith house prices for you.
Negotiating Penrith House Prices in Different Housing Markets
We understand the housing market and how to leverage for the best prices in different markets. The housing markets come in three varieties: a buyer’s market, a seller’s market, and a balanced market. A buyer’s market means there are more houses for sale than buyers; a seller’s market is the opposite where there are more buyers than homes for sale. Lastly, a balanced market means buyers and sellers are approximately equal.
Congratulations if you find yourself looking for a new home during a buyer’s market. Some sellers will have homes for sale for a long time, and they start to become very motivated to unload their house. During a buyer’s market, you shoot for the stars at the start of the negotiating process. However, you must be cautious of an offer that is too low unless you are willing to walk away because it could insult the seller. Other perks to ask for during a buyer’s market includes closing costs or items such as appliances.
Seller’s markets mean you don’t have much leverage for negotiation, so we use other techniques to put you into the home of your dreams. We want to keep the contingencies low and make an offer closer to the asking price. You must act quickly in a seller’s market, and we will keep you apprised of new listings so you can pounce before someone else snatches up the house you want.
In a balanced market, negotiations often involve more back and forth because nobody feels too much pressure and the leverage is even. However, you don’t want to drag out the process too long because someone might swoop in with a better offer.
Keep Your Cool in Every Market
No matter which market you find yourself in, you shouldn’t show your enthusiasm. You shouldn’t gush about how perfect the house is when the seller or their agent is present. Even be aware of your actions outside such as taking selfies in the yard. A spying neighbour could relay your eagerness back to the owner, and you lose some of your edge.
If you can’t find a house; consider townhouses for sale in Penrith. They are often newer constructions and give a great neighbourhood feel which is especially pleasant for children and seniors. If you’re looking for a house in Penrith contact Bricks & Mortar Real Estate and we will negotiate you into your perfect home.