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, negotiating is necessary to ensure that you are getting the best possible deal for your money. So, what should you negotiate when buying a Ventura house? Well, we’re glad you asked.
What to Negotiate When Buying a Ventura House
In addition to other “hidden fees” when buying a Ventura house, you need to thing about closing costs. Your closing costs are determined by a variety of factors. According to Harbor View Funding, Ventura home buyers pay between 1% and 3% of the purchase price. For a $750,000 home, that means paying anywhere from $7500 to $22,500. And that in addition to your down payment. 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.
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.
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 when buying a Ventura house.
Sellers will often agree to pay the premium on the home warranty at closing. Then, they hand it off to the new homeowner. In turn, the new homeowner becomes 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.
Dave & Pat Zumbrun, your Ventura County real estate specialists