- 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.
- 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.
- Let go of the ConcessionsWhen buying a home, home buyers must pay many additional fees, such as closing costs for taxes, lender’s fees, and title company fees. Though these fees can vary depending on the home’s location, you can expect to pay between 3% and 4% of the home’s sales price, and the seller pays an additional 1% to 3%. Our site has a closing cost calculator that you can use to estimate what you can expect to pay in closing costs. Upon your initial offer, the buyer has the opportunity to ask for concessions from the seller. This can include a cash settlement to help cover some of your share of the closing costs. While this can be a good option, it may be less feasible if you’re going up against multiple offers. Concessions will ultimately lower the amount of money the seller makes in the deal, so you may receive a counteroffer that removes the concessions. It may be wise to let go of the concessions because this puts cash back in the seller’s pocket and can also improve your bid.
4 beds, 2 full baths Home size: 1,627 sq.ft. Lot Size: 11,256 sq.ft. Added: 10/23/18, Last Updated: 10/23/2018 Property Type: Residential Detached for Sale MLS Number: FA10373461 Subdivision: Laura Drive
Properties in 22046 $778,050 to $859,950
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