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The Biggest Negotiation Isn’t Getting the Offer… It’s Keeping It

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For the past several years, Bergen County sellers have enjoyed a remarkable advantage. Low inventory, strong buyer demand, and multiple-offer situations have become the norm. In many cases, sellers have been able to dictate terms and watch buyers compete for the privilege of purchasing their home.

But every market evolves.

While inventory in our area remains historically low, I’m beginning to notice a subtle shift—not in buyer demand, but in buyer behavior.

After months, and sometimes years, of losing bidding wars, paying over asking price, waiving contingencies, and enduring emotional highs and lows, today’s buyers are exhausted. Many have spent countless weekends touring homes, coordinating schedules around children and work, only to submit their best offer and receive yet another “Dear John” email informing them someone else was chosen.

When buyers finally win, they often arrive at the inspection feeling financially and emotionally depleted. Increasingly, I’m seeing some buyers use the inspection period as an opportunity to recover dollars they felt they overpaid during the bidding process.

That’s why I believe the most important negotiation often begins after the offer is accepted.

Winning the Inspection Before It Starts

The inspection shouldn’t become an adversarial process. The best transactions happen when both parties feel respected—when the seller is proud to pass the baton and the buyer is genuinely excited to begin the next chapter.

Sellers can do a great deal to create that environment.

Start by making your home as accessible as possible. Restrictive showing schedules can create frustration before buyers even walk through the front door. Remember what many buyers have already endured to reach your home. A welcoming experience creates goodwill that often carries through the transaction.

Next, complete your seller disclosures carefully and honestly. If you don’t know the answer to a question, it’s perfectly acceptable to say so. Guessing or providing inaccurate information only creates distrust later.

One of the biggest opportunities I see involves permits. If you’ve completed work over the years, take the time to ensure every permit has been properly closed. An open permit discovered late in the transaction can create unnecessary delays and anxiety.

Finally, have your major systems serviced before listing your home. Furnaces, air conditioning systems, generators, pools, irrigation systems, and other major components should be maintained, with service records available when possible. Buyers gain confidence when they see evidence that a home has been well cared for.

Is the Highest Offer Always the Best Offer?

One of the questions I discuss with sellers most often is whether they should automatically accept the highest offer.

The answer isn’t always yes.

In my experience, buyers who stretch to become the highest bidder sometimes feel the greatest pressure during inspections. They may begin looking for ways to offset the premium they paid.

That doesn’t mean the highest offer is the wrong choice. Often, it is absolutely the best option. However, sellers should evaluate the entire package: financing strength, inspection expectations, flexibility, timing, and the overall likelihood of reaching the closing table with minimal conflict.

Sometimes a slightly lower offer from a well-qualified, realistic buyer produces a smoother transaction and a stronger net result.

Negotiation isn’t about winning one moment. It’s about protecting your position from contract to closing.

Looking Ahead

Historically, luxury and second-home markets often begin showing signs of change before primary residential markets. Whether that pattern repeats this cycle remains to be seen. Bergen County still benefits from limited inventory, excellent schools, and strong long-term demand.

What I do believe is that today’s market rewards preparation more than ever.

The sellers who achieve the best outcomes aren’t simply those with the nicest homes. They’re the ones who anticipate buyer concerns, eliminate surprises before they arise, and approach negotiations with strategy rather than emotion.

Real estate has always been about more than supply and demand. It’s about understanding people.

And sometimes the difference between an average sale and an exceptional one isn’t the offer you accept—it’s the negotiation you never have to fight.

Maryanne Elsaesser
Principal & Founding Broker-Associate
Compass RE | Home Navigator Team
Sports & Entertainment Division
1 Franklin Ave Suite 1 and 2
Ridgewood NJ 07450
o: 551.284.0175
m: 551.206.9264

 

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