Tips for Getting The Best Price on A Denver Home

Home buyers in Denver like anywhere else in the world would want to get the best price for their homes. The critical stage where you ensure that you get the best deal possible or lose a bunch of money is when you sit down to negotiate the price with the seller.

However, if you get professional help from real estate experts like us, you can use proven techniques and strategies to come out a winner when you buy homes in Denver. So, look at these tips for getting the best price on a Denver home.

But first, check out the video below to avoid mistakes when buying a home!

Don’t Be First

A very effective strategy to buy homes in Denver is to bide your time and not be the first buyer to approach a seller who has just listed a property. This is because a new seller has the energy to list high and vigorously negotiate the price with you. But as time goes by, the seller will get tired of waiting if the property remains unsold for months and will be eager to make more concessions during negotiations.

Approaching a seller after the property has been languishing on the market for long has another aspect too. The house loses buyers’ appeal as everybody wonders what is wrong with it. Further, you will also know about the average house price in Denver in the locality and can make a considered offer.

Go in Armed with Knowledge

When it comes to negotiations for getting the best price on a Denver home, knowledge really is power. If you enter into negotiations with more knowledge and information than the seller – things such as knowledge of the home’s true value, current market conditions, and the complex closing process – you will have the advantage.

Here’s an example. Much of the time, buyers aren’t aware that they can commission their own independent appraisal before a contract for sale is drawn up. Doing so will allow you to know the true value of the house – that is, you won’t be working from just the seller’s asking price and her appraisal.

Be Boldly Aggressive

While negotiating to buy homes in Denver, you should not be seen as too belligerent in negotiations. Being seen as a pushover is not advisable either. However, being a bit aggressive during discussions when finalizing the price pays off, especially when it comes to the initial bid.  

An example will illustrate this point better. Before negotiating the price know the average house price in Denver. Then, make a bid of say 10% less than you’re actually willing to pay. That way, the starting point in your negotiations will have as its focus your bid amount and not the higher asking price. And if you have been pre-approved and can make a hefty down payment, then you can really apply the pressure because you are in the position of greater financial leverage.

Be Empathetic

Finally, home buyers in Denver should show some empathy to get the best price on a Denver home. It might seem to go against the “be aggressive” previous tip but you can also leverage the empathy factor to get the price you want by coming across as likable and able to relate to the seller’s concerns and issues.

The fact is everybody is drawn to like-minded people. We prefer people who see things from our perspective. A seller of a house in Denver is no exception and would cater to your request for a lower price if you can connect and establish a warm human relationship. Doing this will incline the seller to like you and lead to a better price and/or grant concessions.

Are you interested in buying a house in Denver and getting the best price on a Denver home? If so, we may be able to offer some additional options, and we’d be glad to discuss them with you. Give us a call at 720-730-2289 or fill out this form and we will contact you ASAP.