In an order to negotiate you need to have DATA that would be suggesting price reduction.
For example Market Value, as well as you can compare similar homes sold in recent time at that particular area.
The only two items a seller is responsible for are safety issues and environmental issues, i.e., if there are termites, the seller has to exterminate them.
If you are not able to deal with 4-5% of sales price for closing costs, perhaps you should be looking at a house that sells for a little less and is more affordable. No one should be house poor.
Have your agent prepare a CMA, and see what incentives other sellers were offering in the neighborhood, such as paying a portion of buyer closing costs, or some other credit.
I hope I have answered your question. If you have any further questions regarding this matter, or any other matter concerning your home search, I am at your service.
Wishing you the best of luck,
De Vonte Williamson
Licensed Real Estate Salesperson
Coldwell Banker Residential
36 RT 25A
East Setauket, NY 11733
Mobile: (631)384-3695 (24/7 Emergency Service Available)
Have your Realtor do a CMA to determine Market Value.
Have your Realtor include Contingencies for Loan (more than 17 days), Inspection and Appraisal.
Do your Inspections; don't worry about hanging the costs on the Sellers; too small and you want to own the Inspections.
Don't worry about hanging the Closing Costs on them, they would just inflate the Selling price to cover.
You can certainly negotiate Your Interest Rate with your Lender; a 1/4 point will make a BIG difference. Talk to more than one Lender.
good luck and may God bless