5 Tips: What to Negotiate When Buying a House

Updated: Apr 14, 2019

Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a home?


1. Closing costs


Your closing costs are determined by a variety of factors, but you can expect it to be between 2% to 5% of the purchase price. Ask the seller to cover some or all of the closing costs upfront or request a closing credit that can be used to make specific updates and fixes to the home.


2. Furnishings


Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, fixtures, landscaping items, patio furniture, appliances, and more. And many sellers agree, wanting to make the home more appealing.


3. Inspection and closing timing


Buyer offers that include a quick inspection and close timeline are often more attractive to sellers who have been going through the process for far too long. Just ensure you allow yourself ample time to get your financing in place and complete proper, thorough inspections.


4. Home warranty


Sellers will often agree to pay the premium on the home warranty at closing and then hand it off to the new homeowner, who is responsible for the deductible on any future claims.


5. Repairs


Your inspection may uncover small or large repairs needed to bring the home up to standard. You can negotiate to have these items fixed before closing or ask for a price reduction to cover the costs.

Get all my best stuff in your inbox.

  • Grey YouTube Icon
  • Grey Facebook Icon
  • Grey Instagram Icon
  • Grey Pinterest Icon

Keller Williams Realty

10210 Quaker Lubbock, TX 79424

P: (806) 416-9163‬

© 2020 Matt Moreland, Realtor | Contact Webmaster