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

Let's chat! Check to see if I'm online at http://www.PLANiTRealEstate.com

More sites to serve you the best we can!
New Properties for Sale... www.PLANiTRealEstate.com
Toronto's Complete Commercial Website... www.ICI-Toronto.com
Toronto's
Real Estate Property Search Site... www.HomePortal.ca 

If you are or anyone you know is ready to sell or buy real estate, we would be happy to assist them. A referral reward program is available to all. Thank you for helping us serve you better!

 
This post has been included in Ontario Information

4 Comments on Buyer Tip #1 - Reasons Buyers use to lower Purchase Price - Add yours...

SEP
23
2006
146,460 Points 10 Featured Posts Outside Blog

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

11:07pm • #1
3 Featured Posts

Roofs and flooring are the two biggies I come across.  Often it's structured as an allowance as opposed to lowering the sales price.  I think the biggest issue that will be coming up soon is 13 SEER.  Oh, wait!  I think I feel a blog coming on!

11:51pm • #2
SEP
24
2006
8 Featured Posts
I don't want to pay that much is comming up more and more.
1:02am • #3
400,463 Points 179 Featured Posts Localism Sponsor Outside Blog

We just want to feel like we're getting a really good deal. It has nothing to do with the actual or perceived value of the house, we just like shopping at Burger King, and we want it OUR way!

Rich Jacobson, www.KitsapLife.com

2:46am • #4

Leave a response…



(optional)
What does the graphic say?
 
Sam_kamoutsis_vii_h_s Rainmaker_large

Sam Kamoutsis

Toronto, ON

More about me…

PLANiT Real Estate Inc.

Address: 658 Danforth Ave, Suite 401, Toronto, ON, M4J 5B9

Office Phone: (416) 951-0110

Email Me

Toronto Real Estate Blog


Links

Archives

RSS 2.0 Feed for this blog

Find ON real estate agents and Toronto real estate on ActiveRain.