What Comes With The House ?

By
Education & Training with The Real Estate Mart of Tennessee, Inc. TN LIC# 290452

                                          what comes

Did you ever stop to consider that the more the seller is willing to thrown in with the deal, the less of an expense the closing might actually be to the buyer ?

Could it be conceivable, in consideration of whatever the seller chooses to throw in with the deal, that those perks might equate to or reach the actual proximity of the value of the actual downpayment for the house? And, pushing it to extremes, maybe the entire purchase price of the house?

You might get water rights with the deal, mineral rights with the deal, timber rights with the deal, rights to the emblements, including fruit, vegetable or other agricultural consideration or any thing else that you might receive from the seller. I've even heard it remarked that some buyers have asked for everything with the deal except the first born.

If your buying a place with a lot of acreage you might really strike gold with a nice, sizeable allotment of saleable timber. This is timber that might be sold for enough money to recover the entire purchase price of the place. I once heard a broker say that one buyer sold a rare, expensive tree in his backyard that covered the entire downpayment on the home.

What kind of things have your seller's 'thrown in' with the deal ?

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Rainmaker
119,727
Anna Matsunaga
Team Momentum Keller Williams Realty Tacoma

I wrote a contract one time that included the fish in the pond.  I also have negotiated for fences,, landscaping, painting, new roof, new foundation, a car port and furniture.

 

A fellow realtor once had  a cat as part of a deal, the people were moving to a retirement home where they could not take the cat.  There were mulitple offers coming in on the house.  My associate found out the sellers needed a new home for their cat and he wrote into the contract that the new buyes would keep the cat with visitation rights.  This offer won over several higher offers.

September 04, 2008 01:57 AM
Rainmaker
1,178,730
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

Neat, Anna. I've seen a hot tub deal with a sale. I seen pianos get thrown in, too. And nice household items left behind as well for the new owners use. Good to hear from you and thanks for sharing the neat story about the cat, too.

September 04, 2008 02:11 AM
Rainer
205,223
Sylvie Conde
Broker, Toronto Real Estate
Sutton Group-Associates Realty Inc., Brokerage

David, I always ask for things to be thrown in, especially bit ticket items.  If the house needs a roof, I work that into the contract.  Sometimes electrical has had to be replaced or updated, and I've managed to get that into the contract.  The less money the buyers have, the more I get the sellers to do before closing.  If I feel that they will not do a good job, then I ask for cash back on closing, so the buyers can have the work done themselves.

September 04, 2008 01:02 PM
Rainmaker
1,178,730
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

Cash back at closing is a grey area, Sylvie. Read this article It provides a little more insight into the way things are in your neck of the woods. I wish I knew more about the rules and regs in Toronto. All that aside I'm always glad to hear from you.

September 04, 2008 03:46 PM
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David Saks

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