Negotiating As a Buyer or Seller in Montpelier

Negotiating When Buying or Selling in Montpelier

Or anywhere, really. I'm seeing this a little more lately, and I have to admit, it drives me nuts. Offers are put in, and sellers will sometimes simply not respond. No counter, no nothing.

Technically, there are timeframes within which offers need to be responded to, and the offers become void once those timeframes pass. So, it is a way of rejecting an offer on a home for sale in Montpelier.

Realistically, however, doesn't it make more sense to at least make a counter? You can come down $1000 and set the tone that the price is sticky. Granted, there's a good chance that'll end the negotiating.

Sellers: You don't have to "split the difference" between an offer and your asking price. If that were the case, everyone would offer zero, and get Montpelier homes for half price. Or asking prices would double. I don't know, but I love ad absurdum arguments.

Buyers: Lowball offers won't usually work. But even if you're making a realistic low offer, be prepared to "negotiate against yourself" if you really want the property. Testing a low price can be a successful negotiating strategy, provided that you're prepared to come up and meet the seller somewhere. Putting in low offers and walking with one round of negotiating isn't really making offers in good faith.

Realtors: Encourage your sellers to at least make counter offers. Unless you're 100% sure that the house is priced exactly right, and an appraisal will concur, there's always a little room for movement