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seller fiancing a home - is it your best option?

Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.

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seller fiancing a home - is it your best option?

Getting A Home Seller To Include Items With The Sale

by Dan Vasquez

The structure is not the only thing you may get when buying an existing home. Apart from attached or built-in items, the seller may include other items, such as appliances. Below are tips you can use to encourage the seller to include items you want with the house.

Don't Assume Anything

Some items are more likely to come with a home purchase than others. Here are some items sellers frequently include in home sales:

  • Built-in cooking equipment
  • Large appliances such as dishwashers
  • Fixed outdoor items such as mailboxes
  • Lighting fixtures or decorations such as chandeliers

However, you should not assume that an item would come with a house. Many items sit on the border — they might or might not come with the house. For example, a washer and dryer might not come with a house. Thus, you might be disappointed if you assume you will get one and the seller leaves with it.

Negotiate With the Seller

You have the right to negotiate all elements of your home purchase. Therefore, you should ask the seller for the items you want the seller to include in the sale. Consider a case where you like a refrigerator you like and want it included in a sale. Ask the seller for the refrigerator and work it into the negotiations.

Some items, especially pricey ones, might slightly inflate your purchase. However, such increases are usually much less than the item's full price. For example, a five-thousand-dollar fridge won't necessarily inflate a house's cost with the same margin.

Include the Appliances in the Agreement

Don't rely on verbal promises during home purchase negotiations. Ensure everything you agree on is on the purchase agreement. Otherwise, you won't have any recourse but to forgo an item you expected in the house if the seller leaves with it. Remember, only clauses in the purchase agreement are enforceable.

Check the Appliances During the Walkthrough

Homebuyers conduct a final walkthrough just before closing a home purchase deal. You use the walkthrough to confirm that the house is in the same condition as when you signed the purchase contract. Use the opportunity to confirm that the appliances or items you negotiated are in the house. For example, confirm the microwave the seller included in the sale is still there.

A home purchase is all about negotiations. You get whatever you agree on from the seller as long as it is legal. Contact a real estate agency to help you with the negotiations.

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