5 ms·
haha, you need to learn how to negotiate. (All fees are negotiable)
by bitJericho 9y ago
haha, you need to learn how to negotiate. (All fees are negotiable)
- gervase 9y agoI think they know exactly what they're doing. You can't walk away without losing your earnest money, so you've already given up your best move before negotiation even started. It doesn't help that trying to buy a house in many markets is restricted to those who can pay entirely in cash within 2 days of listing.
- xiaomai 9y agoIn my experience, you can switch lenders if you are having a difficult time negotiating fees (the escrow is a different party).
- bitJericho 9y agoEarnest money is used when you've already made an offer. How do you make an offer while not including the cost of the fees in the sale? That sounds like poor negotiation.
- sharkweek 9y agoWhile I will confess to being a bad negotiator, have you bought a house? It's the most confusing (intentionally, I'm sure) process I've ever endured.
- ryandrake 9y agoThis comment adds no value whatsoever. Perhaps you could share your glorious secrets as to how you manage to negotiate "all fees"?
- Simon_says 9y agoSame way you negotiate everything else: have a real willingness to walk away.
- totalrobe 9y agoOh please....have you ever bought a house? The loan company and title company drag their feet to provide the final numbers between 24-72 hours before closing. By this point you've filled out miles of paperwork and spent more than a day (cumulatively) on the phone. Some of those papers you signed probably listed out these fees in tiny print somewhere, so you've already agreed to pay them. If you walk away you're losing due diligence and earnest money down, which is guaranteed to be more than the hundreds you're trying to "save" in fees. You've probably also made plans to move out of your current place and on with your life after the realty and mortgage industries sucked your soul out.
- bitJericho 9y agoEarnest money is used when you've already made an offer. How do you make an offer while not including the cost of the fees in the sale? That sounds like poor negotiation.
- totalrobe 9y agoFees levied by the lending company and title company are in no way tied to the offer on the house itself. These fees are not included in an offer, which is an agreement between the buyer and seller. The offer is an agreement on the price of the house, due diligence and earnest money from the buyer, contingencies (buyer needs to sell their own house) and any concessions from the seller (repairs, money at closing, etc).
- bitJericho 9y agoIndeed. Except you have every right to know all the fees at that time. You can include those in your offer to the seller. Or even say the seller assumes all the fees. This is part of the negotiation because you're the one making the offer.
- Simon_says 9y agoI've never bought a house before. But I plan on reading all the contracts before I sign them when I do.
- bitJericho 9y agoRead a book.
- dang 9y agoWould you please stop posting unsubstantive comments to HN?
- dang 9y agoWe detached this subthread from https://news.ycombinator.com/item?id=15076371 https://news.ycombinator.com/item?id=15076371 and marked it off-topic.