Requests That Home Buyers Are Starting To Make

A few years ago, when the housing market was sizzling hot, home buyers were in competition with one another. Several offers were made on a home and the seller could choose the one that was best for them. Now, the economy is changing. With the tilt in the real estate market, buyers are able to wait a little bit longer on a home and ask more of a seller. Let’s take a look at what homebuyers are starting to ask of sellers before they close on a home.

A markdown in the home price

When the housing market was a boom for sellers, buyers often only had one showing to look at the house before they made an offer. They might not have taken the time to consider things such as minor issues with the home, such as the age of the appliances, state of the carpet, or cosmetic issues. When some buyers are starting to look at a new home, they are asking for a discount on the home price so that they can afford to make those changes to the house later.

Getting repairs done to the house

When the housing market was superbly hot, many buyers decided to waive the traditional housing inspection and rushed straight into escrow. Now that the market is a little bit calmer, more buyers are insisting upon getting a housing inspection done. Many buyers are starting to come back with a list of repairs that they want done to the house. If they can’t get the seller to lower the price, the seller is starting to make those repairs so that the home can come off the market.

Getting the seller to cover the closing costs

Asking the seller to cover the closing costs could knock as much as $15,000 off the final cost of the home for the buyer. That allows the buyer to make a larger down payment and can even reduce their out of pocket costs for buying the home. Some sellers are more anxious to move their home off the listing and closing costs may be something that they are willing to pay to sell their home.

Asking for things that are not included in the sale of the home

One way that buyers are starting to take a little bit more from sellers is to ask for things that are not included in the sale of the home. These things can include furnishings, lawnmowers, garden furniture, and other items.

Selling your home without having to deal with all the concessions

If your home has been on the market for a long time, you may be getting requests from buyers that you don’t necessarily want to accommodate. Houston Capital Home Buyers can make you a cash offer on your home. You can get your house off the market in as little as seven business days if we extend you a cash offer.