Added: Jan 25, 2012

From: buyingandsellingny

Duration: 3:45

Kianna Choi, Associate Broker and Vice President at Bond New York give seven helpful tips to buyers looking to make that perfect deal in New York City real estate market. 1. Don't talk about your financials before making an offer in front of the seller's agent. Overselling and underselling your job, financial assets and income, could have unintended affects and undermine your negotiation stance at the table. A buyers broker, who represents your interests, can best present your net worth at the right time and in the way most advantageous to you. 2. Don't make a lowball offer that isn't--or can't be--defended. You may miss out on getting the property that you want at a reasonable price by offending the seller who may not even counter your offer. You will appear unreasonable and someone who doesn't understand the market. Work with your buyer's broker to present a reasonable and well supported offer. 3. Don't ask for everything at once. Start off with getting the right deal and then when you get closer to bridge the gap, ask for concessions such as closing costs or furniture to close the deal. 4. Don't present your best offer first. Always leave a little room to negotiate. Sellers will assume that you have more to give. 5. Don't seem too enthusiastic. Stay neutral in front of the seller. Otherwise, the seller may use emotional appeals to gain an advantage. 6. Don't forget to write a proper offer letter. Must be written with an explanation as to why the offered purchase price is reasonable. 7. Don't wait for the seller to respond to your offer. It might be that the seller is considering multiple offers and yours is the lowest. Follow up and check in to make sure you don't loose the property of your dreams!! I hope this is helpful. If you would like more information about buying and selling, please email me.

Channel: Howto

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