Most people focus on the price of the home, which makes sense—it’s a huge purchase for most people, so getting the price right is crucial—but you can negotiate for a lot more than that. You may already know that you can (and should) ask for repairs or financial credits if the inspection reveals problems, but it never hurts to ask for concessions or contingencies that can make your new home more appealing, comfortable, and affordable in the long run. Here are six requests you should consider adding to your offer when you buy your next house.
Free home warranty
We all try our best to perform due diligence before buying a house. We walk through it, test out the water pressure and the wiring. We have a professional inspection done (usually). We check the permit history to see if there have been major problems. But it’s still very common for people to encounter major repairs after they move into a new home.
Something you should probably always request when buying a house are contingencies against damage from insects and termites—even if they were noted in an inspection (or disclosed by the seller) and mitigated. This sort of damage can sometimes be more widespread than initially suspected, and can take a long time to manifest. Plus, bugs can make a return appearance even if the mitigation was thorough.
A chunk of HOA fees
If you’re buying a house covered by a homeowners association (HOA), you can ask that the seller pay the first six months or year of fees. A lot of folks are a little cash poor after buying a house, so getting a short cushion on those fees can give you a little more breathing room as you rebuild your emergency fund and get a handle on the expenses involved in owning a house.
That means other stuff you see, like appliances, custom furniture, or elements of decor are up for negotiation. If there’s a funky dining room table that’s perfect for the room it’s in, you can ask the seller to name a price to leave it behind. One thing to note is that negotiating for personal property (as opposed to real property) usually has to be separate from the house contract, because most lenders won’t allow personal property to be part of the sale of the home. Still, you can make it part of the overall negotiation and just work up a separate agreement to cover anything you want to keep.
A test run
It’s key to keep in mind that while you can ask for just about anything when buying a house, the seller is under no obligation to agree to any of it. Still, it never hurts to ask—your worst case scenario is a “no.”
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