Whether you are a first-time homebuyer or a experienced multi home buyer …negotiation and contract talks can be a little stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying an Orlando area house?
What to Negotiate When Buying an Orlando Area Home
Your closing costs are determined by a variety of factors, but you can expect them to be between 2% to 5% of the purchase price. In a standard market you may 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. In a seller’s market this may be more difficult.
Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, landscaping items, patio furniture, appliances, and more…many sellers will agree, wanting to make the home more appealing.
Inspection & Closing Timing
Make sure when looking at the home the first time… you look closely at all parts of the home and don’t get wrapped up in paint and or furnishings. You should not be afraid to ask questions during the tour with your Realtor about any part of the home that looks out of place or something you have not seen before or places that look like there was damage and covered up or fixed. Looking closely at all aspects of the home with your Realtor can save you time and money before getting under contract and spending money on an inspector (If you decide to move forward you should always use a home inspector). Buyer offers that include a quick inspection time and a short closing 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.
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.
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.
Visit any of my Orlando Area real estate sites below for more info
And for a great resource for buying a home check out my eBook. Read it right online. No obligation
Orlando Homes For Sale– Todd Mowry Realtor. Specializing in Real Estate in Orlando, Winter Park, Maitland, Waterford Lakes and surrounding
communities. I have over nine years of experience in advising buyers and sellers on how to make the most well informed decisions for themselves. Call or text me at 407-435-5220 even if you just need to ask a question from an experienced and dependable Realtor. Real Estate Simple and Honest.