What Can You Negotiate During a Rancho Cucamonga Home Sale?

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When you’re buying or selling a home in Rancho Cucamonga, what can be negotiated? Most people think of price, but just about everything in a real estate contract can be negotiated.

For instance, you can negotiate the amount of time to complete inspections. If there’s something that concerns you as a buyer, you can ask for more time to finish inspections. You might want to ask for a termite inspection in addition to the standard home inspection. As a seller, if you’ve already disclosed all the problems in the home, you can set stricter deadlines for inspections.

You can also negotiate on when you close escrow. Typically, most home sales close in 30 days, but you could close in 90 days or more depending on the agreement.

Another contract term that needs to be negotiated is repairs. Which repairs will be done? Who is going to pay for them? These are important questions to consider and contemplate.

Finally, you can also negotiate on possession, in other words, when you get the keys. Typically, the buyer receives the keys at the close of escrow. However, you have the ability to work around this if you need to.

For example, we recently listed a home where Zillow said the value was $665,000. We listed the property at $699,000 and sold it for $740,000. Not only did we negotiate a great price, but we also were able to allow the seller to remain in the property for three months after closing at no cost to them.

If you have any questions on today’s video, or about real estate in general, just give us a call or send us an email. We would be happy to help you!