Helpful Negotiation Tactics for Today’s Housing Market
If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate. Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on. What Can You Negotiate? Most things in a home purchase are on the negotiation table. Here’s a list of just a few of those options, according to Kiplinger and LendingTree: Sale Price: The most obvious is the price of the home. And that lever is being pulled more often today. Buyers don’t want to overpay when affordability is already so tight. And sellers who aren’t realistic about their asking price may have to consider adjusting their price. Home Repairs: Based on the inspection, a buyer is within their rights to ask the seller to make reasonable repairs. If the seller doesn’t want to do that, they could offer to reduce the home price or cover some closing costs, so the buyer has the money to take them on themselves. Fixtures: Buyers can also ask for appliances or furniture to convey when the house changes hands. Having the seller throw in the washer and dryer cuts down on expenses the buyer would have when moving in. As the seller, you could leave your existing ones behind to sweeten the deal for your buyer, and get yourself new ones for your next place. Closing Costs: Closing costs typically run about 2-5% of the home’s purchase price. Buyers can ask the seller to pay for some or all of these expenses to offset the cash the buyer has to bring to the table. Home Warranties: Buyers can also ask the seller to pay for a home warranty. This is great for buyers worried about the maintenance costs that may pop up after taking possession of the home. And since this concession usually isn’t terribly expensive for the seller, it can be a good option for both parties. Closing Date: Buyers can ask for a faster or extended closing window based on their own timetable. The seller can also advocate for what they need based on their move to find the right compromise. One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you throughout the process. Your agent is your go-to for any back-and-forth. They’ll handle the conversations and advocate for your best interests along the way. As Bankrate says: “Agents have expert negotiating skills. Without one, you must negotiate the terms of the contract on your own.” They may also be able to uncover what the buyer or seller is looking for in their discussions with the other agent. And that insight can be really valuable at the negotiation table. Bottom Line Buyers are regaining a bit of negotiation power in today’s market. Buyers, knowing what levers you can pull will help you feel confident and empowered going into your purchase. Sellers, having a heads up of what they may ask for gives you the chance to think through what you’ll be willing to offer. Want to chat more about what to expect and the options you have? Let’s connect. Call Rajeev Vashist at (703)927-0606. Buying a Home Selling a House
Why the Sandwich Generation Is Buying Multi-Generational Homes
Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time. If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home. How Can It Help You Buy a Home? Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time is helping them afford a home. A third of respondents said their situation made it easier to buy (see graph below): Here are a few ways their caretaking situation might be helping those 33% buy a home: Sharing Expenses: If you live in a multi-generational household, you can pool your resources and split the costs. Your parents might contribute to the mortgage or help with other bills. This can make a big difference, especially in today’s housing market. It may help you afford a larger home than you could on your own. Built-In Childcare: Having grandparents in the home could also save you money on childcare. They can help watch your kids while you’re at work, which means you can save on daycare costs too. Beyond just the financial reasons, buying a multi-generational home has other advantages. The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) highlights some of the most popular, including: Easier To Care for Aging Parents: It’s more convenient to take care of someone when you live with them. Also, your elderly parents may very well be happier and healthier, thanks to more social interaction and a feeling of connectedness. Spending More Time Together: Once you live together, you get to spend more time and create even more lasting memories with your loved ones. The Mortgage Reports sums it up this way: “Buying a house with your parents can be a great way to ease caregiving, support young children, or simply bring loved ones closer together. And considering the steep rise in home prices over the last few years, it can make homeownership a lot more affordable.” How We Can Help If you’re in the Sandwich Generation and thinking about buying a multi-generational home, working with Urban Nest Realty Group Agents is essential. Finding a home that works for so many people can be tricky. We will use our expertise to help you find one that meets the needs of, and has enough space for, everyone who’s going to live there. Bottom Line Being a part of the Sandwich Generation comes with its challenges – but it also might come with one truly great perk. If you’re looking to buy a home, your caregiving situation can actually make it a bit easier for you to afford a home. To learn more, let’s connect. Call Rajeev Vashist today at (703)927-0606. Search Your Home Here Selling Your Home
Stunning Luxury and Unmatched Convenience: Discover 43464 Lucketts Bridge Cir, Ashburn, VA 20148
Open Sat Aug 3 & Sun Aug 4th From 1 PM to 3 PM Nestled in the heart of the highly sought-after Loudoun Valley Estates, 43464 Lucketts Bridge Cir in Ashburn, VA, stands as a testament to luxury living, comfort, and convenience. Listed at $1,180,000, this grandiose single-family home encompasses 4,774 square feet of meticulous craftsmanship and contemporary design. If you're in the market for a home that offers both elegance and functionality, this is a property you simply cannot overlook. Grandeur from the Moment You Enter As you step inside the stately two-story foyer, you'll immediately be captivated by the home’s grandeur. The main level boasts a spacious formal living room that invites you to sit and relax, and a cozy family room complete with a gas fireplace and floor-to-ceiling windows that flood the space with natural light. Adjacent to the family room is a well-appointed office featuring built-in bookshelves, ideal for a home workspace or personal library. A Chef’s Dream Kitchen The heart of any home is its kitchen, and this one is sure to impress even the most discerning chefs. Fully renovated just three years ago, the kitchen features a center island, stainless steel appliances, granite countertops, and a stylish backsplash that ties the entire room together. Whether you're cooking a quick weeknight dinner or hosting a lavish holiday feast, this kitchen has been designed to accommodate your needs. The large sunroom addition adjacent to the kitchen opens up to a beautifully landscaped backyard patio, making it perfect for relaxing and entertaining guests. Luxurious Upstairs Living Upstairs, a catwalk overlooks the family room, and you’ll find a range of elegant living spaces. The luxurious master suite is nothing short of a sanctuary. It features a sitting room, walk-in closets with organizers, and a modern, fully renovated master bath. Pamper yourself in the spa-like atmosphere of this stunning retreat. Additionally, there are three generously sized bedrooms and an updated hall bath, ensuring plenty of space and comfort for family members or guests. A Basement for Entertainment The lower level of this home is an entertainer's paradise. It offers a spacious recreation room with a wet bar and an extra den that can be customized to your needs. The full bath and media room make this the perfect spot for hosting memorable gatherings or family movie nights. Walk-up stairs provide convenient access to the backyard, making outdoor entertaining just as enjoyable. Unbeatable Location and Community Amenities Located close to the Ashburn Metro, the Toll Road, One Loudoun, and Brambleton Town Center, this home combines luxury with exceptional convenience. Loudoun Valley Estates is a community that genuinely enriches your lifestyle. With an array of amenities including sparkling swimming pools, state-of-the-art fitness centers, and scenic walking trails, there is always something to do. The neighborhood also features top-rated schools, playgrounds, and sports courts, ensuring a vibrant and active community for families. Recent Upgrades for Peace of Mind This home has seen numerous upgrades and renovations that ensure both beauty and functionality. The sunroom addition, finished basement, and backyard patio are standout features. Having a home theater, CAT 6 wired throughout the house, and two EV chargers are practical conveniences for modern living. The irrigation system keeps your lawn lush and green with minimal effort. For peace of mind, know that significant areas such as the bathrooms and kitchen have been remodeled within the last few years. A new roof added five years ago and upgraded kitchen appliances and HVAC systems just three years ago make this home as reliable as it is luxurious. Why Loudoun Valley Estates? Loudoun Valley Estates offers a perfect blend of luxury, convenience, and community. Imagine living in a neighborhood where you can enjoy sparkling pools in the summer, family-friendly playgrounds, and top-rated schools. Scenic walking trails meander through lush green spaces, providing the perfect backdrop for evening strolls or morning jogs. The proximity to major highways like the Toll Road and Route 7 makes commuting a breeze, especially with the Ashburn Metro just around the corner. Quick access to shopping, dining, and entertainment options adds to the convenience, making Loudoun Valley Estates not just a place to live, but a place to thrive. Make This Dream Home Yours 43464 Lucketts Bridge Cir is not just a house; it’s a lifestyle upgrade waiting to happen. It offers an unparalleled blend of luxury, convenience, and community amenities that elevate everyday living. Don’t miss out on the opportunity to make this dream home yours today! Take a 3D tour here Contact Rajeev Vashist at (703)927-0606 to schedule a viewing and take the first step toward owning this stunning piece of real estate in Loudoun Valley Estates.
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