You probably already know that your 30A REALTOR® will be happy to negotiate a home’s price for you – but did you know that you can negotiate other parts of your real estate deal, too?
What Can You Negotiate When You Buy a Home on 30A?
Most homebuyers don’t know that real estate includes plenty of “fluid transactions.” These types of transactions have a lot of wiggle-room, and that means you can negotiate just about anything you want into your contract. (More specifically, your REALTOR will negotiate on your behalf – you don’t have to do it yourself.)
Some of the things you can negotiate include:
- Closing date
- Closing costs
- A home warranty
Here’s a closer look at each.
Home Negotiation Point #1: Repairs
If your home inspection turns up any issues (it most likely will), you can ask the seller to fix them before you sign an agreement to purchase the home. That goes for large and small repairs – and everything in between.
Home Negotiation Point #2: Closing Date
You can work with the seller to settle on a closing date that works for you. Remember, too, that sellers are also dealing with buying a new home (and moving), so if you’re flexible on closing dates, sellers will likely be grateful – and that can lead to them making other concessions.
Home Negotiation Point #3: Closing Costs
Closing costs usually range between 2 and 7 percent of a home’s purchase price, but you can likely negotiate with the seller to lower yours. Most sellers are looking at their bottom line – their net proceeds – and that means they may be willing to pay some of your closing costs.
Related: How much are closing costs?
Home Negotiation Point #4: Cleaning
You can absolutely ask the seller to have the home professionally cleaned before you’re willing to sign the dotted line. That gives you the peace of mind you need (and saves you from having to do it yourself).
Home Negotiation Point #5: A Home Warranty
Many sellers are willing to buy a home warranty for a year. A warranty covers the cost to repair or replace major appliances, and some even cover things like HVAC, electrical and plumbing systems. You should ask your REALTOR to negotiate that into your contract and see what the seller says.
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