Maybe you’re about done doing your search online, yet, have have arrived at Placitas, New Mexico; and quickly you’ve concluded that this will be your next residence. It’s no surprise, really. Placitas is a Spanish word for “little places,” aptly described for this place as it is a collection of small yet diversified communities snuggled in the foothills at the north end of the Sandia Mountain range. This city in New Mexico is undoubtedly enchanting – as it draws a lot of visitors each year and many people to call this place their destined residence. It is peaceful neighborhood teeming with delightful and innate features like the Sandia and Jemez Mountains and Jemez Hot Springs. From shopping, eating, hiking, to simply enjoying the scenic mountain views and piñon and juniper trees scattered all over its vegetation, no wonder locals here can’t get enough of this place. Even its exquisite adobe houses, like the Placitas homes for sale, are uniquely distant from one another, residents enjoying their privacy yet having that community feel as well.
But how do you negotiate for a house price in Placitas real estate or for a spacious and elegant adobe house among Placitas homes for sale? Here are a handful of useful measures on how to ace that negotiation of yours when coming up for a reasonable house price for your new home.
1. Time and again, do your own research online about the condition of the sales market today, considering that the real estate in the country is still shaky. Browse through real estate listings and compare similarly built homes in Placitas real estate with different prices. These sources sometimes reveal properties that are either enlisted again or its prices lowered. And although it’s still a buyer’s market these days and for the last couple of years, you should still arm yourself on how to effectively go about this process.
2. You may ask your real estate agent for a comparative market analysis or CMA. This is beneficial for sellers and home buyers alike. The information stated here (i.e. houses sold recently in the area recently) can help you arrive on the accurate worth of the property by computing for the average of the prices of properties. Other facts stated in CMA include comparable amenities of homes for sale.
3. Check how much money you have and how much you can afford for the house. Needless to say, get pre-approved for a loan, as this will be your assurance to both the seller and yourself that you can pay for the house; more importantly for you, one which you can regularly pay for considering the income and other expenses you incur each month.
4. Negotiate on the asking price, but please do arrive on a reasonable offer. This stage can be tricky and should be done cautiously. Make an initial bid, but never starting out on the maximum amount you can offer. Don’t give up easily, when your first or second offers are rejected. Never make a lowball offer, even if it’s just a joke. Sellers these days can be crabby, as they’re victims themselves in a depressed market. Given that you offered a “reasonable” price for the home; still, be prepared to justify or reason out with the seller how you’ve arrived with that bid.
Time and again, you can only come up with a reasonable offering price for that dream home of yours, say, in Placitas real estate, or in any location for that matter, if you are well-prepared for the negotiation itself. And these means can help you in winning the seller’s approval and the keys in your new house.