🏡 Did You Know? Some items in a home’s sales contract are often negotiable, giving buyers and sellers flexibility to make the deal work for both sides.
1️⃣ Appliances and Fixtures: Buyers can request items like refrigerators or washer/dryer to stay with the home, potentially reducing out-of-pocket costs. Mostly, these items will be displayed in the listing contract regarding status of conveyance, but can still be used to help both sides come to terms.
2️⃣ Repairs and Renovations: Post-inspection, buyers may negotiate for repairs to cover any necessary fixes. Depending on the needs of both the buyers and sellers, both time wise and cost wise, this is one of the most important negotiation tactic.
3️⃣ Occupancy Terms: Need extra time to move? Sellers and buyers can agree on post-closing occupancy terms. Many times, either the buyer or seller will need extra moving time (especially when concurrent closings are in play). If those extra needed days aren’t articulated by the sellers listing agreement up front, buyers may offer extra time to the sellers as needed.
Negotiations like these can impact your financing needs. Let’s discuss how these factors might affect your loan and ensure a smooth closing process. Reach out today!
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