Pick Up the Cost of the Home WarrantySometimes sellers offer prospective buyers a home warranty. This is a plan that covers the cost of repairing major home appliances and systems, like the air conditioner or hot water heater, if they break down within a certain period (typically a year after closing). A basic home warranty costs about $300 to $600 a year, according to Angie’s List. If it seems like waiving the home warranty can sweeten negotiations, but you still want the peace of mind of having one, tell the seller they don’t need to cover it — then buy it yourself. Just keep in mind, whether you or the seller buy the warranty, you’ll need to pay the service fee (typically between $50 and $100) if something does, indeed, need to be repaired while under warranty. Also, FYI: A home warranty is entirely separate from homeowners insurance. Homeowners insurance — the security blanket that covers your home’s structure and possessions in the event of a fire, storm, flood, or other accident — is required if you take out a mortgage. It can cost anywhere from $300 to $1,000 per year.
- When you receive a counteroffer, responding quickly – within 24 hours – is important because the longer you wait, the more time you leave for another buyer to make an offer that is better than yours. Also, a seller may withdraw their counteroffer before you can respond if they sense that you are hesitant.
Demonstrate Patience About Taking PossessionBuying a home requires patience and flexibility in all areas of the process. After closing, you may need to be patient about the possession date. If the seller needs to remain in the house for a period of time after closing, you have some options. You could push back the proposed possession date or you could draw up a “rent-back” agreement. This agreement means that if the seller wants to stay in the home for a set period of time after the closing date, they would pay you rent for that time period.
3 beds, 3 full, 2 part baths
Home size: 2327
Added: 10/04/19, Last Updated: 11/19/2019
Property Type: Townhouse for Sale
MLS Number: VAAX240502
Subdivision: Eisenhower Square<!--
List Price: 799995.00-->