Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a home?
Closing costs. Your closing costs are determined by a variety of factors, but you can expect it to be between 2% to 5% of the purchase price. Ask the seller to cover some or all of the closing costs upfront or request a closing credit that can be used to make specific updates and fixes to the home.
Furnishings. Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, fixtures, landscaping items, patio furniture, appliances, and more. And many sellers agree, wanting to make the home more appealing.
Inspection and closing timing. Buyer offers that include a quick inspection and close timeline are often more attractive to sellers who have been going through the process for far too long. Just ensure you allow yourself ample time to get your financing in place and complete proper, thorough inspections.
Home warranty. Sellers will often agree to pay the premium on the home warranty at closing and then hand it off to the new homeowner, who is responsible for the deductible on any future claims.
Repairs. Your inspection may uncover small or large repairs needed to bring the home up to standard. You can negotiate to have these items fixed before closing or ask for a price reduction to cover the costs.
Author:William Culler Phone: 580-678-5671 Dated: January 13th 2019 Views: 1,123 About William: ...
View our latest blog posts in your RSS reader. Click here to access.
William Nelson & Co. is a real estate brokerage where our sales team makes sure every detail of the buying or selling process is attended to. Your goals, not ours, are the priority. We don’t buy real estate we sell real estate. That’s what we do. We are a top-performing brokerage for good reason.
Interested in buying a home? Often times the steps to purchase a home can be overwhelming. We will be there every step of the way to ensure the buying process is an enjoyable experience.
Needing to sell your home? We utilize the most modern real estate marketing tools and techniques to make sure your home is positioned to be seen, shown and sold.
Please contact us to ask any questions or set up an appointment. We look forward to meeting y ou!
When you’re getting ready to list your home, it’s of the upmost im
"Patti Felten with William Nelson & Co were awesome. Trying to sell a house is stressful but they made us feel very comfortable and at ease. Patti gave us advice on how to stage our home, none of our prior agents ever took the time and didn't seem to care. Every time we met was memorable because each time was full of laughter and ease. We knew we were in good, experienced hands."