In a seller’s market, a prospective home buyer needs to be a little more cautious when negotiating a purchase; however, in today’s buyer’s market, incentives are an accepted part of the deal. It certainly never hurts to ask. It’s not uncommon for a seller to wait for three months or longer to sell their home, especially during this time when the market is saturated with homes for sale. They need to make their home stand out amongst the rest, and often times, offering sales incentives is the easiest way to accomplish this.
Here are a few of the more common closing requests that never would have been considered a few years ago in our previous seller’s market.
House Price & Closing Costs
It’s quite acceptable to negotiate 5 percent off the price of the house and then request another 3 percent for the closing costs associated with the purchase of the home.
Inspections
Home Inspection: Everyone asks for a house inspection these days. It’s the most sensible way to avoid costly surprise that may result from rotten beams, water damage, faulty wiring or cracked foundations to name a few. Once the...
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