
The real estate market is currently shifting and buyers are gaining more power in the purchase process. When someone is looking to buy your home, there are plenty of homes on the market so they have more choices than in the past. This gives them more power to have you vie for their attention.
When it comes time to negotiate your sale, buyers having excess power can leave you with additional costs.
Costs Of Negotiating
- Sale Price: The price of your home will be the first thing to be lowered. When there are more homes on the market, accepting a lower sale price will help you compete. When the market is extremely competitive, many sellers will list the home at a lower price to attract people to buy their home.
- Closing Costs: When you go through closing, people need to be paid and paperwork needs to be filed. These fees can be up to 6% of the sale price of your home. Who pays for what costs is negotiable.
- Home Repairs: People looking to buy your home are not likely to be in love with everything. And there is a solid chance that your home is in need of some repairs. Even if you don’t know of repairs now, they could come up during the escrow process when inspections are done. Buyer can make their purchase contingent upon you making repairs to the home before the closing happens.
- Closing Date: The day you close is also negotiable. This date can be weeks to months out. If you are keeping the home for 60 days, you are still responsible for your mortgage and will need to continue to make payments on your home.
Sell You Home While Saving
Eric with ASDM Homes offers an easier alternative to selling your house fast in San Joaquin and Stanislaus county. When we buy your home, we help you avoid extra costs by skipping repairs, covering closing costs, and giving you a closing date that works for you!
Cash offers can help you sell your house quickly, for a fair price, without the need for repairs, inspections, or having a line of strangers walk through. Selling a house during the market can be a long, costly and difficult process right now. Selling your house does not have to be.
Give yourself the gift of a cash offer and connect with Eric with ASDM Homes! We can give you a fair cash offer, help with all the legalities, and streamline the process to help get your home sold fast! Contact Eric today to find out what you can get for your home and how quickly you can get that cash in hand!