How To Get A House Cheaper Than Asking Price

A second offer to buy.

How to get a house cheaper than asking price. There is nothing better than to have your payment upfront. A home equity loan aka home equity line of credit HELOC is basically where you refinance the house and take out a loan on the value rather than the amount you owe. Ask for an Odd Number Discount.

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. Stay aware of current market conditions. Here are the things you should consider before asking for cheaper rent.

Before going in with a lower offer weigh up the risks involved. 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. A low list price could be a strategy used by the listing agent and seller to entice multiple offers on the short sale.

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. Do your research on rental prices in the area. Landlords also like cash flow.

When you ask for a discount always go on the odd numbers 3 6 7 9 and so on. Look at the typical price for comparable properties such as comparing price per square foot. Selling a home can be an emotional process and sellers may feel insulted if your offer seems cheeky.

If the list price is too low the bank will reject the short sale. 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. Knowing there are a few offers on the table this person offers the bank well above the asking price.