What are Buyers mostly negotiating for
(% of buyers who would negotiate money off the purhase price)
1.
Roof needs replacement (usually $3000-$7000)
2.
Electrical Systems are not built to code (replacement cost from low $1500 to many thousands)
3.
Dampness, rot and mould (suprisingly low in importance - maybe because not easily identifyable!)
4.
Length of leasehold (shorter terms preferred - many want easy out)
5.
Fence dispute (although most cases I have seen its a deal breaker)
Added from comments:
6. Flooring
7. Simply want a better deal
- - -
Let's educate our clients:
In your experience, what other important issues have you seen Buyers using to lower their purchase price?
Is it scorrect for Buyers to lower the price because of decoration? What's your advice?
Sam Kamoutsis
Broker of Record
PLANiT Real Estate Inc. Brokerage
658 Danforth Ave, Suite 401, Toronto Ontario M4J 5B9
Tel: 416-951-0110 Fax: 416-628-6860
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Sam,
I believe that mostly for small cosmectic details you can lower the price + an extra the one that you wrote above
Ray Saenz, Broker Associate
United Property Brokers, INC
Homes for sale in Colorado Metro Denver Area
Ray Saenz Real Estate Agent & ActiveRain Network User