Skip to main content

What is negotiable when selling a home? Team Thayer Official Oregon Real Estate news.


Price is almost always negotiated, but there are other times when a seller will need to negotiate further. Technically everything is negotiable. The most common negotiations are listed below.

Price

When it comes to the price of a home, sellers have an ideal price in mind, and so do buyers. The goal is to somehow meet in the middle. While a buyer’s “lowball” strategy may work on occasion, many times it is seen as insulting to a seller. The same thinking applies to a seller. If your home is priced to high, it may quickly be scratched off the list when a buyer is choosing homes to visit. A knowledgeable and experienced Realtor will price your home correctly from the start and use their negotiating skills when it comes time to accept or reject an offer.

Appliances

If a seller has just renovated their kitchen and appliances, this can be a good tool in negotiating price. For example, when a buyer is offering below the asking price, the seller can counter with a higher price and then include appliances to sweeten the deal. This keeps the seller close to their asking price and also gives more value to the buyers offer. Refrigerators, ovens, washers, dryers and even certain pieces of furniture can be used in an offer.

Contingencies

There are a number of common contingencies in real estate transactions. Inspection, mortgage and appraisal are a few examples of these. A contingency is essentially a part of a contract that a buyer can insert that states if certain conditions aren’t met, the contract will not be complete and the sale of the home will not be final. The seller can always negotiate these contingencies further if they don’t want to fork over too much for repair work or if they don’t want to postpone the closing date too far.

Inspection/Repairs

If a home is in need of repair or an inspection catches various things, the seller and buyer can negotiate which repairs need to be made. The seller may counter and say they will repair only major structural issues but will not repair cosmetic things.

Closing Cost Credit

Closing cost credits are an addition to an offer or contract where the seller agrees to pay a portion or all of a buyer’s closing costs. This can come in come in handy in a variety of circumstances. One example would be when the home needs repair work or upgrades. If a home’s inspection report comes back and repairs need to be made, the seller can agree to pay closing cost credits in the contract. Rather than have the seller be responsible for making the repairs, they can offer closing cost credits. This means the buyer has to payout less in closing costs which they can use towards making repairs themselves. In inspection contingencies, this negotiation technique also takes the pressure off the seller to have repairs done before closing date.

Contracts

Real estate contracts will always have some negotiation involved and this is when having an experience realtor is key. Realtors have the knowledge and tools to help their clients negotiate the best and well received deals. From deciphering industry legal terms to picking up red flags in a contract that affect a client, a realtor works hard in making every purchase a successful one!

VISIT THE TEAM THAYER OFFICAL WEBSITE:  www.teamthayer.com

SHARING IS CARING USE THE BUTTONS ON THE SHARE BAR BELOW TO POST ON SOCIAL MEDIAL

Popular posts from this blog

The top 5 mistakes people make selling their homes. Team Thayer Official Oregon Real Estate News.

5 home selling mistakes with Team Thayer 1. Trying to sell your home yourself In this DIY era, the urge to try to sell your home yourself to save money can beckon like the smell of oven-fresh cookies at an open house. Resist.  Working with a licensed agent  helps ensure you’re not leaving money on the table as a result of an off-target listing price or a mistake in the many steps that lead to a final sale. Sell your sofa yourself online. List your home with a professional. 2. Picking the wrong Realtor Not all agents are equal. Just because your college buddy dabbles in the industry doesn't mean he’s the best guy to sell your home. You want experience. You want to  work with an agent  who has a depth of knowledge. Invite your buddy to the house-warming party.  Find an agent  who can truly perform. Do you research.  Top Home Sales Mistakes 3. Pricing your home too high Sometimes it’s good to aim high. But when you’re setting a price for your home, it’s better to b

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread . You can als