You’ve hashed out the details of buying a home. From price per square foot to insurance premiums, you know exactly what you’re getting and what it will cost. But what about that awesome pool table in the basement? The current owners are downsizing, so what are the chances that they’ll leave it behind?
Additional Perks
When purchasing real estate, you have the option to negotiate with your real estate agent or directly with the sellers (if you’re not using agents) to include extras in the transaction. These extras can range from furniture to smart home devices and systems. Often, sellers may have large furniture or specialized equipment that fits their current home but not their new one. They might also desire a fresh start and prefer to furnish their new place differently.
This situation can be advantageous for you as the buyer. Instead of incurring costs for disconnecting, moving, or disposing of items, sellers may be inclined to offer them to you at a reduced price to avoid the hassle. If you’re interested, you can propose the idea and inquire if the sellers are willing to include additional items. However, don’t anticipate receiving them for free in most cases, as sellers may counter with a price for these extras.
Can these extras be financed through your mortgage? The answer varies. It depends on your lender and what they permit in the loan agreement. Typically, you’ll need to cover the costs out of pocket at the closing. However, you can incorporate them into the purchase contract. Your real estate agent can assist in phrasing the contract to ensure clarity regarding what you’re acquiring and at what cost.
