{"id":4335,"date":"2022-09-15T05:00:24","date_gmt":"2022-09-15T10:00:24","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/buyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market\/"},"modified":"2022-09-15T05:00:24","modified_gmt":"2022-09-15T10:00:24","slug":"buyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/buyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market\/","title":{"rendered":"Buyers Are Regaining Some of Their Negotiation Power in Today\u2019s Housing Market"},"content":{"rendered":"

\"Buyers<\/p>\n

If you’re thinking about buying a home today, there’s welcome news. Even though it\u2019s still a sellers\u2019 market<\/a>, it\u2019s a more moderate sellers\u2019 market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close.<\/span><\/p>\n

Today, you should have less competition and more negotiating power as a buyer. That\u2019s because the intensity of buyer demand and bidding wars<\/a> is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be just what you need to re-enter the market.<\/p>\n

1. The Return of Contingencies<\/strong><\/h4>\n

Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal or inspection, to try to win a bidding war. But now, fewer people are waiving the inspection<\/a> and appraisal.<\/p>\n

The latest data<\/a> from the National Association of Realtors<\/em> (NAR) shows the percentage of buyers waiving their home inspection and appraisal is declining. And a recent survey<\/a> from realtor.com<\/em> confirms more sellers are accepting offers that include these conditions today. According to their August study:<\/strong><\/p>\n