However, for you it does make a difference. If you go with a lower price, it is less money that you will have to owe the lender over time, and less interest. But, if you go with the allowance or concessions that makes an immediate impact on your bank account now. With the low interest rates that we are seeing now, many of my clients are opting to get concessions.
Be cautious on how you word and receive the concessions or allowances from the seller. As lending practices have changed, many lenders do not like to see concessions on the contract. An experienced Buyers Agent will know how to best deal with this issue.
If you do not have an agent and have more questions, feel free to contact me directly. Hope this helps.
RE/MAX Realty Associates
It really isn't a repair issue with the home that you are requesting the allowance for as not every potential buyer would want a fenced in backyard. I suggest that discuss this with your agent and submit an offer that you feel comfortable with along with an explanation of why you are offering this amount due to your need for a fence.
You agent should be able to tell you what the seller purchased the home for to determine if there may be some negotiating room on the price. They also can tell you what similar homes have sold for in the neighborhood to see if your offer would be comparable.
Prudential Connecticut Realty
What does your agent advise?
It is not a big deal and most sellers are fine paying that extra amount, so I would do what works best for you.