Be careful what you negotiate on!
At face value, you might think that negotiating the sales price of the home down is the best way to bring down your monthly payment.
But you could negotiate on a rate buy down instead!
These numbers are based on a $300,000 home. As you can see, you could negotiate the home down to $290,000. This will reduce your monthly payment by $78. Nice!
But using this trick, you could reduce your monthly payment even more! Instead of negotiating the purchase price down, you could ask the seller to buy your interest rate down. This would reduce your monthly payment by a whopping $248.
Your real estate agent will help you negotiate the best deal that gets you the best monthly payment. If you have an agent that KNOWS REAL ESTATE! Our agents…..They know all the tricks!
