- Buy Your own Home WarrantyA home warranty is something that sellers may offer. This is a plan that covers the cost of major appliance repair, such as the air conditioner or hot water heater, in the case of a malfunction. A home warranty, which according to Angie’s List can cost between $300 to $600 a year, is effective for a designated period of time after purchase, usually one year. If it seems that waiving the home warranty will make negotiations easier, you can tell the seller not to worry about it and then just buy it yourself. Regardless of who pays for the warranty, you will be responsible for paying the service fee, usually between $50 and $100, if something needs to be repaired. It is important to remember that a home warranty is different from homeowners insurance. Homeowners insurance, unlike a home warranty, is required if you take out a mortgage on your home. It can cost between $300 to $1000 per year, but it covers your home’s structure and possessions in a fire, storm, flood, or other accident.
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Increase Your Earnest Money Deposit
Your earnest money deposit, or EMD, is the sum of money you put down to prove to the seller you are serious about buying the house. Putting down more money shows the seller that you’re more serious about the sale. The standard amount of the EMD is usually 1% to 3% of the home’s selling price. If you offer 3% to 4%, the seller may be more likely to side with you. - Walking away may be the Best ChoiceNegotiations can be physically and emotionally draining and very time consuming. When you’re negotiating with a seller, make sure you listen to your agent – and to your gut. If either is telling you that it’s a bad deal, walking away may be the best choice. If you feel like you can’t make any more trade-offs and the seller won’t budge, don’t give in any more than you are comfortable with. Walking away can be a tough decision to make, especially after all the hard work you’ve put in, but you should know that there is a better deal out there waiting for you. And once your frustration passes, you’ll know that you have more experience in this and next time you negotiate, it will be easier for you.
4 beds, 2 full baths
Home size: 1,132 sq.ft.
Lot Size: 8,455 sq.ft.
Added: 08/31/18, Last Updated: 08/31/2018
Property Type: Residential Detached for Sale
MLS Number: FX10334461
Subdivision: Hayfield Farm
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