• Allison Adams

    ABR, GRI, CHMS, RSPS

    Lake Homes Realty

    205-914-2400
    allisonpadams@gmail.com

Price Negotiations

All buyers want to pay as little as possible for the home they purchase. Buyers in slower markets are definitely looking to score a bargain. My job is to combine services to my sellers that include marketing to improve the competitive position of their homes, and then to assist them in countering low offers and buyer resistance to fair pricing.
 
Part of this process begins with the CMAs I do and the price at which I suggest that you list your home. Starting at the right price for the market with a little room for negotiation combines market specifics with buyer human nature factors. I'm really good at this negotiation thing, as I do it every day. I'm on your side, and my job is to get a combination of the best price and contingencies resolutions for your home.
 
Many sellers are intimidated when there are distressed properties for sale in the area or foreclosures putting downward pressure on prices. However, generally there is a 20% to 30% difference in selling prices between those homes and seller-occupied homes in good condition. You see, those distressed properties are usually in poor-to-terrible condition. In many cases, they will not even qualify for a mortgage without extensive modifications and repairs, and that’s not going to be possible for most buyers.

So, the first thing to remember is that you’re selling a “ready to move in” property, and this commands a higher price. The more “ready to move in” it appears to the buyer on that first walk-through, the better the price you’re going to get. So, I’ll make some suggestions as to landscaping, curb appeal, outdoor and indoor improvements, and possibly even “staging.” Staging is the process of moving, adding to or taking away from furnishings in the home to make it seem more spacious and to allow potential buyers to view it as “their home” in the future.

Consider the possibility of post-inspection repair requirements by the buyer(s) as well. The time to think about this is from the first offer, as you don’t want to negotiate a purchase price that leaves you little or no room for possible repairs or condition corrections. This single item is the cause for the vast majority of deal failures after a successful initial price negotiation.

Some negotiations are short and sweet, while others can involve multiple counter offers with terms and conditions related not only to price, but also related to closing costs, items included in the sale, partial owner financing and more. My job is to work with my sellers to know their needs and to tailor the negotiation to those requirements to get the best deal for them.

Find Nearby

  • Hospital
  • School
  • Pharmacy
  • Airport
  • Bank
  • Post Office
  • Nursing Home
  • Church
courtesy_mls.png

Get-a-Free-Home-Evaluation.jpg
 
See-What-is-on-The-Market.jpg
 
How-We-Market-Your-Home-Online.jpg

Success Stories
  • Highly likely to recommend 02/03/2015 - herringlorie Bought a home in 2014 in Sommerville, Tuscaloosa, AL 35401. Local knowledge: 5Process expertise:5 Responsiveness:5 Negotiation skills:5 After a bad experience on a "For Sale by Owner" working with Allison made the buying process so much easier. She understood the importance of our budget and only showed listings within our budget.

    Lorie
  • Highly likely to recommend 04/20/2015 - dcook5983 Bought a Single Family home in 2014 for approximately $150K in Duncanville, AL. Local knowledge: 5Process expertise: 5Responsiveness:5 Negotiation skills:5 alison was very friendly, and would go out of her way to get us a showing or show us a house to fit our needs. great experience! she also answered our phone calls or text very promptly there was no waiting around.

    David
  • Bought a Single Family home in 2015 for approximately $175K in Brookwood, AL. Local knowledge:5 Process expertise:5 Responsiveness:5 Negotiation skills: 5 Allison was the ONLY agent that contacted me back out of 6. She was super flexible and accommodated every want or need. She sent me info on every house I inquired without getting pre-approved, while all other agents would not even speak with us until doing so. We fell in love with the very first house we viewed. Everything fell into place and we got everything we wanted. To make things even easier, her husband,Chad Adams just happens to be the finance bank guy so you get two for the price of one! She sold us the house and he financed it. He was extremely down to earth and made things very easy for us. I absolutely recommend Allison and Chad if you are looking to buy a house!! Thanks so much! Hope we remain in touch you guys are great people!!

    New Mom
  • Highly likely to recommend 03/01/2016 - josephbrentbonner Bought a Single Family home in 2015 for approximately $200K in Northport, AL. Local knowledge: 5Process expertise: 5Responsiveness: 5Negotiation skills: 5After a mutual friend gave me Allison's information, we set off on a the house buying journey. She was by far accommodating in my search for the perfect house for me. She did a magnificent job learning what I was really looking for in a house and I think we looked at almost every house in Tuscaloosa until I found the perfect one for me! Did I mention she was patient!!!

    B. Bonner
  • Highly likely to recommend 02/26/2016 - ambuh11 Bought a Single Family home in 2015 for approximately $200K in Northport, AL. Local knowledge: Process expertise: Responsiveness: Negotiation skills: Allison is awesome!!! She helped us with everything we needed to get us the perfect home!!! I highly recommend her!!! She can help you with all your house needs!

    Amber
Recently Tweeted
  • @artallie

    Unable to retrieve feed []

    33 min ago
  • @artallie

    Unable to retrieve feed []

    33 min ago
Social Media