One of the greatest aspects of a free society is that everyone can win. A free market with close to perfect competition will create an indefinite amount of situations where both parties feel like the winner in a transaction. One of the secrets of a great politician is that they will always find lots of benefit for the people they represent and at the same time they will greatly benefit themselves.

The same principles apply to winning a home bid. The goal is to have both parties walk away feeling like they were the biggest winner in the transaction. Therefore, truly winning a bid for a home is more than just being smart or lucky, it actually using experience and practice, or more importantly, principles to create a situation of winning. Here are six principles to utilize when bidding for a home.

The first principle is to always use a price that is not extreme. This goes for both the parties involved meaning the buyer and the seller. If a seller thinks super highly of there home and feel like it has a whole lot more value than all of the neighbor’s homes and the prices that the homes are going for in the neighborhood. Do not ask too much or offer too little. A seller will not even feel like doing business with an offer that is too low, it could come across as offensive.

The second principle is to always keep the other parties needs in the forefront of ones mind. For example if a seller is trying to hurry and sell their home so they can make a work deadline in another state, then the buyer should do everything in their power to respect the sellers need and move the process along. The same for a seller; if the buyer is urgently looking for a home, then the seller should do everything they can to not tie up the process longer than is needed.

The third principle is to be able to give up some of the lesser important items and to compromise. The best part of an “everybody wins” society or transaction is that no one should or will realistically achieve a winner takes all situation. Letting the other party have some of the more important requests are a great approach to take.

The fourth principle is to get both parties to pay half. When a home is changing hands, there are an amazing amount of fees and issues that arise. There might be a long list of superficial repairs that the buyer would like repaired. It is not a defeat to have both parties pay half of everything. Even the recording fee can be split in half.

Sometimes there are issues that just cannot be compromised on or met half way because both parties feel stubbornly sure about there stance at the moment. With these situations it is best to just come back to it later. Move on with all of the other important things that need to be taken care of and then go back to the stubborn issues and revisit them.

Finally, get some help from a professional. Hiring a realtor could possibly be the best decision a home buyer will make. The negotiating process is a difficult and tricky process that may take experience beyond the simple investor’s years. The realtor may be able to save money even with their own commission taken into consideration.

Author Bio: Juhlin Youlien writes about az real estate including Paradise Valley AZ homes for sale and Fountain Hills AZ homes for sale. Paradise Valley real estate and Fountain Hills real estate include luxury home areas in AZ.

Category: Real Estate
Keywords: homes, real estate, buying a home, selling a home, realtor, realtors, loan, mortgage, foreclosure, s