Buy Your Own Home WarrantySometimes home sellers offer prospective the buyer a home warranty. A home warranty is a plan that covers the cost of repairing major home appliances and systems, like the air conditioner or hot water heater, if they break down within a certain period (typically a year after closing). According to Angie’s List, a basic home warranty costs about $300 to $600 a year. If you want the home warranty, you can tell the seller they don’t need to cover it — then buy it yourself. Just keep in mind, whether you or the seller buy the warranty, you’ll need to pay the service fee (typically between $50 and $100) if something does, indeed, need to be repaired while under warranty. Also, FYI: A home warranty is entirely separate from homeowners insurance. Homeowners insurance — the security blanket that covers your home’s structure and possessions in the event of a fire, storm, flood, or other accident — is required if you take out a mortgage. It can cost anywhere from $300 to $1,000 per year.
Increase Your Earnest Money DepositYour earnest money deposit, or EMD, is the amount of money you put down when buying a home. Increasing this amount of money shows the seller that you’re more serious about the sale. Offering 3% to 4% as an EMD instead of the typical 1% to 3% may be what it takes to persuade the seller to side with you.
- After you receive a counteroffer, you should try your best to respond quickly – within 24 hours – so that no other buyers have a chance to put in an offer and steal the property out from under you. Additionally, if a seller senses hesitation after making a counteroffer, they may withdraw it before you have a chance to respond.
3 beds, 2 full, 1 part baths
Home size: 1783
Added: 01/07/21, Last Updated: 01/07/2021
Property Type: Interior Row/Townhouse for Sale
MLS Number: VAAX253960
Subdivision: Old Town Greens<!--
List Price: 665000.00-->
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