When a seller lists a home for a certain price, he/she doubtfully expects someone to buy without trying to negotiate a lower price. The buyer may even try to negotiate covering closing costs and taxes. Smart buyers do understand they can negotiate quite a few things to their benefit. Smart real estate negotiations do need to be thoughtful and considerate. Novices -- and those who should know better -- could make some very bad negotiating mistakes, mistakes capable of ruining a deal.
Five major negotiating mistakes really do stand out. They should be bitterly avoided.
1.) Do not make a ridiculously low offer.
If a home is listed at $125,000, making an offer of $70,000 for no real reason other than to see if the seller goes for it is…