10 Tips for Finding the Best Price at 150 Oxford Drive Tenafly NJ 07670

Elizabeth - Aug 22 - - Dev Community

Obtaining a property at 150 Oxford Drive, Tenafly, NJ 07670 is not cheap and therefore the best savings may be hard to find. The best way to help you secure the best deal in real estate is to follow these tips:

**Research the Market
**First, let’s get into the Tenafly real estate market. The recently sold properties in the area are great indicators of the going rate. Therefore, you may want to compare the recent sales of comparable houses in the area. It serves as a reference for the 150 Oxford Drive property and helps you to set a reasonable price.

*2. Work with a Local Real Estate Agent
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Talking about a local real estate agent who is familiar with the Tenafly area can give you the advantage. They have the ability to come up with forecasts regarding market trends, future listings, and negotiations on prices. A skilled agent may even be the one who gets you the better deal.

*3. Consider the Property’s History
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Dig the history of 150 Oxford Drive. Sales prices, past selling periods, and all renovation or repair works done, find out all these things. Using this information, you can negotiate for a better price.

*4. Timing is Key
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Your purchase time has a lot to do with the pricing. Real estate markets are generally seasonal and price the most competitively in the spring and summer. Whenever it is possible, try to make an offer in the fall or winter when the competition may be lower.

*5. Get Pre-Approved for a Mortgage
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Having a mortgage pre-approved notifies the sellers that you are the one that is serious when it comes to the purchase. Besides, it may give you more power during the negotiations, since the seller might be inclined to deal with a buyer that has the money ready.

*6. Compare Comparable Properties
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Check the pricing of comparable properties (comps) in Tenafly and see whether 150 Oxford Dr Tenafly NJ is priced correctly. Comps are similar houses that have either recently sold or are currently on the market. This comparison will allow you to determine whether the asking price is competitive.

*7. Inspect the Property
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Finalizing any offer is not complete before hiring a professional inspector to check the property. An in-depth analysis may show problems that might be a reason for the drop in price. In the case of any necessary repairs, the seller can be persuaded to lower the cost.

*8. Negotiate Wisely
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First of all, don’t be frightened when it is time to negotiate the price. The data you have collected about the market, property history, and inspection results should be used to make a reasonable offer. So, you can have some man-to-man talks that will end inevitably in some counteroffers, but you should hold your ground on your budget.

*9. Factor in Closing Costs
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When calculating your closing costs take into account the pretty huge amount that can be added. Knowing these expenses in the beginning will enable you to set the maximum price you are prepared to accept and consequently, you will be able to negotiate.

*10. Be Ready to Walk Away
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Finally, you should be ready to leave if the price is not suitable. It is vital not to form an emotional bond with the ease of access. You may be able to save money on a different option that is preferable to the one you have.

**Conclusion
**In search of the optimum listing for 150 Oxford Drive, Tenafly, NJ 07670, one should take a strategic approach. Conducting market research, collaborating with a local rank and being ready to negotiate, one can be able to have a great chance to close a decent price for the new home.

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