Buyer Negotiation Workshop
Next Steps
Thanks for watching the buyer negotiation workshop. If you have not already completed theo, please do so by clicking the buttons below to make our time together as productive as possible. If you have any more questions at any other point in time, please feel free to get in touch with me by visitingsection. I'm excited that you've chosen us to help you navigate you real estate journey. We'll be on touch shortly with a game plan ready to get you the best deal on the market.
Hear from our clients
“My parents recently moved to BC from Calgary and was in need finding a condo in Langley. Richard was referred to us by my sister in law, and it was such a blessing! Richard is one of the most patient, hard working and compassionate realtors out there. Not only did he drive my parents around to look at places every weekend, but he made time for them to answer questions, and provide contacts for them!”
“We’ve had a fantastic experience working with Richard! As first-time homebuyers, we were nervous about the process, but he’s made everything so much easier. Communication has been a breeze, and he’s always quick to respond to our questions. His support has definitely made the process much less stressful.”
“Richard is a very responsible and friendly real estate agent that I meet. He walked me through the entire procedure from the beginning till the end of purchasing my first condo in Vancouver. I truly appreciated his dedication and commitment to this process of my first purchases. Without Richard being there with me, I wouldn’t be where I am at right now. Thank you for his time once again and many more years to collaborate with him.”
“Last spring, I was contemplating to move closer to my best friend in Coquitlam, where I was not too familiar with the real estate market. There were many open houses to see but when I reached out to the agents, non of them called me back until I heard friendly and pleasant voice. That was Richard. While it was a rush purchase, he really helped me one step at a time until I got a desired unit.”
Do you have any question?
What are the common conditions in a buyer’s offer?
Common conditions (subjects) include:
- Financing Approval: Ensuring the buyer’s mortgage is approved.
- Home Inspection: Allowing the buyer to check for defects.
- Title Review: Verifying ownership and legal details.
- Strata Document Review (for condos/townhomes) – Ensuring the building is in good standing.
- Sale of the Buyer’s Home: Some buyers need to sell their home first before completing the purchase.
What happens if a buyer backs out after accepting an offer?
If the buyer backs out before subject removal, they typically do not face penalties. However, if they back out after removing conditions, they risk losing their deposit and could face legal consequences. Your real estate agent will guide you through the best course of action.
How much negotiating room should I leave in my listing price?
This depends on the market. In a seller’s market, homes often sell at or above asking price, so minimal negotiation room is needed. In a buyer’s market, leaving 1-5% room for negotiation may be beneficial. We will will help strategize based on market conditions.
Can I reject an offer if I don’t like the terms?
Yes, you are not obligated to accept any offer. If the price or conditions don’t align with your goals, you can:
- Counter the offer with different terms.
- Wait for a better offer if market conditions are favorable.
Your agent will negotiate on your behalf to get the best deal possible.
What is a backup offer, and should I consider one?
A backup offer is an offer from another buyer that becomes active if the first accepted offer falls through. It’s worth considering in a competitive market to ensure you have a committed buyer lined up.
