How much can I negotiate on a new house?

In a buyer’s market, it can be acceptable to offer up to 20% under a seller’s asking price, assuming the home in question requires hefty repairs. Otherwise, you’re better off negotiating 1% – 10% below the asking price. In a seller’s market, buyers have even less leeway when negotiating down.

How do I negotiate house price after an inspection?

Once a home inspection has been completed, you can request that the sellers reduce their asking price based on the inspector’s findings. If the house requires expensive renovations before you can move in, you could negotiate to have some or all of the repair costs subtracted from the asking price.

How do I negotiate house price without offending?

It’s important to remain polite and understanding when negotiating a house price. Clearly stating your reasons for seeking a lower price can also be helpful. By working with a real estate agent when deciding on an initial offer, you’re more likely to offer a price that’s competitive but not out of your price range.

How To Negotiate House Price