Home Buying Myths Phase 4

When buying a home, it is a rollercoaster of emotions for the seller, buyer and real estate agents! One of the most difficult steps is agreeing on a price. Most buyers will try to “shake” down the sellers and more sellers will try to “strong arm” the buyers, leaving it up to the Realtor® to rightfully negotiate.

Myth #4: Always leave room for negotiation after inspections…

This myth pretty much explains that a buyer should leave room to negotiate after the property is inspected, right? Wrong! Doing this could ultimately NOT turn out in the buyers favor.

Many sellers in today’s market will better their home before actually listing the property. The leaky roof, the broken floorboards, etc. will usually be fixed before a buyer makes an offer. When a buyer plans to negotiate price after the inspection and it comes out flawless, the buyer is in trouble! A seller with a great home and clean inspection is not likely to negotiate again and will not take the buyer seriously.

Realtors® should advise buyers to be comfortable and happy with the price offered. In some cases, the inspection will have its faults and some credit might come back to the buyer, but that is not something to count on. It simply wastes time.

If you are looking for a new home or wanting to sell your current home, please contact a New Home Resource Realtor® today at 702-365-1000. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, Lance Partin and Kathy Paterniti are all here to help!