How To Get A House Cheaper Than Asking Price

Here are the things you should consider before asking for cheaper rent.

How to get a house cheaper than asking price. If the list price is too low the bank will reject the short sale. This will show how much of a premium youll be paying. And if the property is great but we can show hard data supporting a much lower price we easily recommend coming in as much as 30 under asking.

No room for negotiation When buying a home the traditional way the seller may be willing to negotiate on the price. Do your research on rental prices in the area. Low-ball offers have surged in popularity as home prices have continued to fall in value days on the market have lengthened and the inventory of homes for sale has swelled with foreclosures.

Stay aware of current market conditions. Bear in mind that if you are part-exchanging the builder will offer less than your house might fetch on the open market. Ask for an Odd Number Discount.

The buyer must be the owner-occupant investors cant apply and youll need a down payment that equals 35 percent of the homes purchase price plus the repair costs. Consider making an offer that hovers 25 below the asking price and see what happens. If you can offer them better financial security in the form of a bigger tenancy deposit or an upfront payment of your first three to six months they will be eager to drop down some of the asking price.

When you ask for an odd number it shows that you have carefully evaluated the proposal of the supplier and considered your budget. Selling a home can be an emotional process and sellers may feel insulted if your offer seems cheeky. While there is no one set definition of a low-ball offer historically it is an offer to purchase that is at least 10 percent below the asking price of the home.

Landlords also like cash flow. If it has been on the market at the same price for two months or longer we recommend being more aggressive and offering 8 to 10 below asking. This buyer offers a price at the asking price or 1000 or so above assuming the first buyer offered full price even when they did not.