Home Home Loan
Welcome To HomeLoan2U
Home Equity Loan
What bargaining chips do you have?

Your tool shed and ping-pong table may play a part in making a deal. Decide in advance what's up for grabs.

When you are selling a home, the haggling is not always limited to price. Prospective purchasers often make offers that include appliances and window coverings, for example, because these items are must-haves that are expensive to purchase new. Occasionally, a bidder also asks for other furnishings, recreational equipment or repairs and painting.

It isn't just purchasers who use extras as bargaining chips. Sellers sometimes make counter-offers that include appliances and other contents as incentives for the bidder to agree to a higher price. This is an especially useful strategy when demand for homes in your area is weak and prices are low.

If you are selling your home, consider what you are willing to throw in to make a deal work and what items are off limits. It's best to do this in advance of listing, so you are ready to deal with requests for inclusions and decisive about incentives you will offer.

Here are some of the items you may want to think about as potential bargaining chips:

  • major appliances, including washer, dryer, fridge, stove, dishwasher, water heater and water softener
  • draperies, curtains, blinds and shutters
  • custom-built furniture, such as bookcases or shelves that fit a particular spot in the house
  • area rugs that fit a particular room
  • barbeque
  • patio furniture, planters, garden benches and ornaments
  • garden shed
  • lawnmower, power washer, leaf vacuum or other maintenance equipment
  • garden or household tools
  • recreational equipment, such as ping-pong and pool tables, above-ground pools, trampolines, climbers, swing sets and hot tubs
  • boats, canoes, life vests and safety equipment, if you are selling a waterfront home

When deciding which potential bargaining chips you are willing to part with, you should consider how easy or difficult it will be to move them, how much you will need them and how much it will cost to replace them. You may love your top-of-the-line barbeque and patio furniture, for example, but they may not be worth the fuss and expense of moving them across the country. On the other hand, you may decide you can't part with a china cabinet that's been in the family for generations, no matter how much a purchaser wants it and how difficult it will be to move.

Light fixtures and built-ins such as central air conditioning and vacuum system, in-ground pools, water filtration systems, cabinetry and cook-tops are typically considered "includes," rather than extras. They should be factored into the asking price you and your selling agent decide on for your home.

Other requests come out of the blue and may seem downright odd or irritating. It's hard to understand why a bidder would insist on including a coat of purple paint in a bedroom or a $30 shower curtain and matching bath mat in a deal worth $100,000 or more, but it happens. You can't anticipate every demand, but as a rule, if it is easy and inexpensive to comply, you're smart to agree graciously in order to expedite your sale.

 

 


 


Use our free mortgage payment calculators:
1.How much do I have to earn?
Not sure how much money you'll have to earn to afford your house payment and accompanying expenses?
2.Mortgage payment calculator
Want to know how much your monthly payment is for your mortgage?
3.Bi-weekly mortgage calculator
Want to know how much time and money you'll save paying off your loan on a bi-weekly payment plan?
4.Additional payment calculator
How much do you save by paying more or making additional payments than your initial mortgage terms?
5.How much can I borrow?
Want to know how big of a mortgage you can take on?
6.Should I pay discount points?
Not sure if you should pay discount points on your mortgage loan?
7.How much will I save by refinancing my loan?
How long will it take to recoup the costs of refinancing my home mortgage?
8.How much will my tax deduction be?
Want to know how much your home mortgage will save you in taxes?
9.APR calculator
To find out the annual percentage rate of your loan, enter the loan amount, interest rate, points, other costs and year-length term.
10.Interest only monthly payment calculator
To find out the monthly savings you could gain from an interest-only payment plan.

Home Equity Loan Rate Caculate

Description Data Entry
Loan Amount
Loan Length in Months
Interest Rate
Monthly Payment Calculated Result

Copyright © 2006 - All rights reserved. HomeLoan2U Insurance-Advice