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How To Negotiate The Price Get The Best Deal When Buying A House
hen it comes to the sellers to pay for to fix,
negotiating, I'm no and which ones you will fix.
expert. But when buying
my house, I did not ask for You want the sellers to fix as
everything I wanted, and to this much as possible, but you don't
day I still regret this decision! want such a long list, or a list
Again, there are no set with so many trivial little
guidelines for negotiating, but items, that the sellers just say
do what you feels right (and ask "Forget it, we're not fixing
your realtor for help). anything".
If you want an item fixed Your realtors will help you with
before you move in, ask for it to the list.
be fixed. If there is too
many problems with the house and But negotiate any item that
you want to walk away from the YOU feel is worthwhile, no
deal, go ahead (but check with matter what the inspector or
your lawyer first to make sure realtor says!!!
you get your money back). There
will be other houses. Our house had an old pool in the
yard. Our realtor knew it was
Here are two final mistakes to old, so he didn't want me to
avoid when buying your next include it on the list. So I
house: didn't. But I felt it was
important. And I should have
• Negotiate any item that you included it. Because after we
feel is important. moved in, and looked at the pool
closely, we decided to ask a pool
• After the inspection, you company to come by to give us
need to decide which items to ask information on the pool. They
said it was too old and rusted to on your list to the sellers after
bother fixing, and recommended we the inspection.
take it down! On our time, and at
our expense. Finally, ask for proof BEFORE
the closing that every item
The pool was on the house is repaired properly. (We didn't,
listing, so technically it should and it created some unneeded
have been in working order. But disagreement at the closing when
because my realtor didn't want an some of the items were not fixed
old pool to be a stumbling block, to our satisfaction.) Go back and
I did not ask the sellers to fix visit if you are not sure!!!
it, and it became our
responsibility. Costly lesson for And walk through the house before
us. (Which became even more closing.
costly when I tore cartilage in
my knee while taking the pool In most cases, anywhere from a
down and needed an operation!) few weeks to a few months will
pass from the time you have the
Remember, the realtor does not house inspected to the time you
make any money if you do move in.
something that causes the deal to
fall through. So its in their A lot can happen in that time.
best interest to make the reply
to the inspection as "reasonable" Your final "walkthrough" before
as possible - it's in YOUR closing is your time to make sure
best interest to have the house that no problems or damage has
in proper working condition. occurred during this time.
So if you REALLY want something If you wait until the closing,
fixed before you move, include it nobody will want you to create
waves (including you) by bringing Consumer Protection department
up "loose ends". So take care of against our inspector. And we
this a day or two before closing, were amazed at how fast he was
or even the morning of closing. willing to pay to fix these
Check everything very carefully - problems (fortunately for us!)
and start getting ready to enjoy
you new house! Not that we wanted him to pay for
every little problem - many of
It's not over until it's which were part of the normal
over! "wear & tear" of an older house.
But the big things he should have
If you find things going wrong found as unsatisfactory were the
after you move in, things that ones we asked him to pay for.
you thought were covered by your
inspection report, you might have So, like the immortal baseball
some options. player Yogi Berra said, "It ain't
over till it's over!"
We found several problems -
almost by accident - that should Even if you only prevent one
have been noticed by the problem, you could save yourself
inspector but were not. So we a good amount of money!
filed a complaint with our State
About the Author:
Kris Bickell is the owner of HouseBuying-Tips.com, a site that helps first time home buyers avoid the costly mistakes that many new homebuyers make. For more tips on buying a house, getting a mortgage, finding a realtor, and getting out of debt, sign up for the free "How To Avoid These 10 Costly Mistakes When Buying Your First Home" email course at: http://www.HouseBuying-Tips.com/. "© 2005 HouseBuying-Tips.com
Source: www.isnare.com
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