Negotiating seller concession versus lower purchase price
Hi, can someone give me an idea when it makes more sense to negotiate a seller repair concession versus just asking for a lower purchase price? To clarify, the homes will always have enough damage to support the level of seller concession I ask for.
Without hearing the benefits of each option, the seller concession benefits me because my plan is to purchase cash and refinance equity out. Hire purchase prices allow greater immediate refinancing.
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If there are agents involved, you'll pay more commission on a higher sale price.
If the county assesses value based on purchase, you'll pay higher taxes based on a higher sale price.
Just two things to factor into the equation...