What bargaining chips do you have?
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.
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