The longer a house sits on the market, the more opportunity you’ll have to negotiate the price down. The D.C. Metro area is currently what we call a “seller’s market,” meaning that homes generally sell quickly here. What this means for you is that any home that’s been listed for even 15 to 30 days begins to tip the price advantage in your direction; you could negotiate 3-4% off the home price.
Other factors that affect the particulars of negotiating off list price include:
- The house’s location and neighborhood demand
- The type and age of home
- How long the home has been listed
- How anxious or motivated the home seller is
To learn more about home buying and meet top realtors, attend The Keri Shull and Orange Line Living Team’s free First-Time Home Buying Seminar.
In this class, you’ll learn:
- The 8 stages of purchasing a home, and what to expect at each stage
- How to qualify for the house you want
- How to get out of your lease — you’re not stuck there!
- The “4 C’s” affecting home price
- How to negotiate a lower price for the home you want
- How to avoid double-paying rent and a mortgage
Every attendee of our First-Time Homebuyers Class gets $1,500 toward their new home.
When: Monday, October 15, 6-7:30 p.m.
Where: 1600 Wilson Blvd. #101
Parking: Free parking, walkable to and from Metro