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First of all, congratulations on the decision to move forward. I trust you are financially ready to committ to buying a house. To show the seller that you are serious, I'd suggest that you first obtain a pre-qualification or pre-approval letter from a lender for the price of the house, or at least for your offer price anyway. If you do not have a lender check out the Zillow mortgage marketplace.
Then, contact a buyers agent who works exclusively for you in the transaction. Again, the agent directory on Zillow would be a great place to start.
If you can, try to back up your offer with comparable sales, especially those in the surrounding neighborhood, so that the lower price doesn't feel like a personal attack. A good agent can help you do this.
Then stand your ground. Remember, the seller does not have to be reasonable. You can't force it. On the upside, you already know the house well because you said in your comment that you lived there. Fewer surprises that way - a good thing!!
If the property is listed with a real estate company, I suggest you hire your own real estate agent. And get comps from your agent. You do not want to over pay in this market. Now if you saw the home with the listing agent, they can not provide you with comps because they represent the seller. If the property is for sale by owner, you may get comps from an agent or use services paid services like Electronic Appraiser. What ever you do get the comps. They will give you a general idea on what to offer.
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How do I negotiate a lower price? Price is too high. Seen it and like it.
robwick99
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