Get a Head Start on Selling Your House

You’ve probably read countless articles espousing the benefits of pre-selling your home to save on tax, avoid the stress of a lengthy listing, and maximize your returns. Your developer was down for a project, but you asked him to do it later. Now that the deadline is looming and he’s still not around, it seems like there might be no way out of this deal. Get the full story here

Here are some tips on how to negotiate a deal that ends up a win-win for both of you.

Steps to a Deal

Negotiate For Your House for Your Benefit

If you’re the buyer, remember: your house is not a commodity; it’s your whole life. Think of some off-the-wall techniques to get what you want, and make them work for you instead of against you. If you’re the developer, you must understand that even if your project will be worth more money if the house is bulldozed and replaced with luxury condos, that doesn’t mean it has to be. You can try to negotiate a deal that has both of you walking away happy. If you don’t, then here are some defensive techniques you can use.

How to Sell Your House

Know What You Want

Before you start negotiations, take a moment to think about the house you’re trying to save. Try and put your feelings aside so that you can focus on the practical advantages and disadvantages. Find out if there is anything wrong with the house. Take note of what improvements you can and cannot make, especially any time-sensitive fixes like a leaky roof or broken water heater.

These will be things that will lower your down payment price but help your profits in the long run. If there is something wrong with the house, you may be able to get it repaired and have the developer take care of the expense.

Prepare Your Case

If you think you have a good case for getting this house fixed, get some details together. If you’re going to use a contractor, do some homework on their reputation beforehand so that your experience isn’t ruined by someone who is incompetent or under-qualified.

You’ll also want to find out how much the repairs will cost before you begin. If you want to add some of your own personal touches make sure that there is room for that. You’ll also want to know the land value and what shape it is in.