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When to Negotiate on the Price of a Home

Once you’ve found the right one, making the right offer is crucial.

Your agent will advise you on what that offer should be, but sometimes negotiating with the sellers is possible.

You can negotiate on price when…

You can buy the home with cash
An attractive option that causes many sellers to drop the price

You’re not in a hurry to move
If you can risk losing the bid, you can toy with price.

The sellers are under duress
A divorce or financial emergency may mean the sellers need to sell quickly.

A problematic inspection
If costly repairs are required, you can lower your offer.

But remember, if you’ve found your dream home, don’t risk losing it over a price war!