What to Negotiate When Buying a House

Real Estate

The negotiation part of a real estate transaction can be a little daunting and stressful, whether you are a first-time homebuyer or a seasoned veteran. Ensuring you are getting the best possible deal for your money is a top priority. So, here are five aspects of the transaction you can 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.
Are you ready to negotiate? As a professional Real Estate Team we can help you get the best price for your dream house.

Peggy Fitzgerald Realtor®

The Fitzgerald Real Estate Group

Keller Williams Real Estate Newtown

267-759-9484

VISIT US AT: https://www.thefitzgeraldrealestategroup.com/