When it comes to buying a house, you can negotiate for much more than the price of the residence. It is possible to address other matters with a seller to help you end up with a quality purchase.
Kiplinger describes a few negotiating points that may assist you as you discuss the terms of your contract with your seller.
Closing expenses
It is easy to focus on the home price and the mortgage but forget about the closing costs, which can be expensive. The good news is that some sellers are willing to cover part of these costs if you bring up the matter.
Property repairs and upgrades
Getting a home inspection can reveal possible defects that you want dealt with sooner rather than later. If your seller agrees to pay for the repairs, you may save money and feel more confident about the condition of the home.
Home appliances and property
Some sellers are willing to include appliances or other amenities to help sell a house. Examples include the following:
- New appliances
- Furniture
- Floor carpets
- A lawnmower
- Gardening tools
One or more of these inclusions can help you feel ready to start living in the new home. They might also increase the value of the home and get you more for your money.
The closing timeline
If you need to move in to your home at a certain date, your seller should know your intentions and set up your closing time appropriately. Depending on your situation, a quick or a long closing might work in your favor.
A successful home purchase negotiation includes more than just the price of the property. From closing costs to repairs, there are various aspects to consider when striving for a favorable deal.