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You need the right person representing your interests
If you're looking to buy or sell in Back Bay, Massachusetts, it's important to find a real estate agent who’s a negotiation expert. The housing market in Back Bay can be competitive, and you need someone who will get the best deal for you. A good negotiator will know how to handle difficult buyers and sellers and will be able to get you the best price possible on your new home. Read on for the main reasons why you need an expert negotiator on your side!
Since the Back Bay housing market is competitive, you need someone who can get the best deal for you
When you're buying or selling a home, it's important to have an expert negotiator on your side. In a competitive market like Back Bay, you need someone who knows how to get the best price possible.
In the past year, there have been less than 200 homes for sale per month, so the Back Bay housing market continues to strongly favor sellers, especially since inventory has dropped steadily since May 2022. As a seller, this should come as good news since there will be less competition when you list. However, the median list price has dropped from its January 2022 peak of $2,695,000 to a July 2022 low of $1,499,000. The median increased slightly in August 2022 to $1,649,000, but is still well below the January peak. So, while there may be less competition when you list your home, buyers are also getting more choosy and looking for homes priced below recent market highs. This means buyers feel more confident making lower offers that reflect the current market trend, making it even more important to have an expert negotiator on your side. Regardless of which side of the transaction you’re on, you want to make sure that your real estate agent will fight to get you the best deal possible.
A good negotiator knows how to handle difficult buyers and sellers
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While the ideal buyer or seller is easy to work with and reasonable, this isn’t always the case. You may come across a buyer who lowballs you or a seller who won't budge on the price or contingencies. In these situations, it's important to have an expert in real estate negotiation on your side who knows how to handle these difficult situations. A good negotiator will know when to walk away from a deal and when to keep fighting for what you want. They can also offer advice on concessions that may be acceptable in order to move forward with the sale.
They can get buyers the best deal for their new home
You want to find the best possible deal when contemplating making an offer on one of the homes for sale in Back Bay. When you work with a buyers' agent with expert negotiation skills, they'll start by offering an analysis of comparable sales and suggesting a reasonable offer price. If the sellers come back with a counteroffer, your agent will work to get you the best possible deal for your new home, which may mean the best price or add-ons like a minor renovation to sweeten the deal when you offer at or above the listing price. Consider what's most important to you in the purchase and work with your agent to find the best possible solution for all parties.
Working with an agent helps sellers earn more on their listings
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Based on 2020 home sales, the typical for-sale-by-owner (FSBO) sold well under the average for agent-listed sales, to the tune of $42,000 less earned. That's an average of $318,000 vs. $260,000! With luxury estates, even more is on the line and at stake.
An experienced real estate agent will net you more money than going at it alone or working with an inexperienced agent. In addition to being expert negotiators, they have a network of buyers looking for homes like yours and can help you find the right buyer willing to pay at or above your asking price. They can also handle the sale without the emotional attachment you may have to your home, which can help you get the best possible price.
They can provide sound counsel and market expertise
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When making one of the biggest financial decisions of your life, it's important to have someone on your side who can provide sound counsel and market expertise. As a skilled negotiator, your agent has extensive experience handling real estate transactions, often from both sides of the table. This gives them a unique perspective that can be invaluable when making decisions about your home sale or purchase. From pricing your home to finding the right buyer or seller, they can offer sound advice and guidance throughout the process.
They know how to handle the negotiation fairly and ensure a win-win outcome
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You want to be sure that the Back Bay realtor handling the negotiation on your behalf is fair and has your best interests at heart while ensuring the other party in the transaction feels like they got a win out of the deal, too. A good real estate agent knows how to handle the negotiation fairly and ensure a win-win outcome for all parties involved. This means you can feel confident that you're getting the best possible deal on your home sale or purchase.
When you're ready to buy or sell a home in the Back Bay housing market, be sure to work with a real estate agent who’s an expert negotiator. They can help you get the best possible deal on your home sale or purchase. And when you're ready to make an offer on one of the homes for sale in Back Bay, find the right buyer, or negotiate the best possible outcome, they can help you do that, too. Ask them about their negotiation skills if you're looking for a realtor in Back Bay! It could mean the difference between getting your dream home and settling for something less. Contact local agent Will Argabrite today if you're interested in buying or selling in Back Bay.
