The path to purchasing a home is not just about finding the right place—it's also about getting the best possible terms. As a buyer, you have more negotiating power than you might realize. From the asking price to the appliances in the kitchen, almost everything is up for discussion. Here's a rundown of what you can negotiate to make sure you're getting the most out of your home purchase.

1. Sales Price

The sticker price isn't always the final price. A home's listing price is just a starting point, and there's often room to negotiate downwards. This is especially true if the home has been on the market for a while, or if you have data suggesting it's overpriced compared to similar properties in the area. Your real estate agent can help you make a competitive offer that's grounded in market realities.

2. Closing Costs

Closing costs can add up quickly, but they can also be a negotiating point. Sometimes, sellers are willing to cover some or all of these costs to finalize the sale. Whether it's a percentage of the total costs or a fixed amount, this can significantly reduce the cash you need on hand when it's time to close.

3. Home Warranty

A home warranty can provide peace of mind by covering the costs of repairs for specific home systems and appliances if they break down after you move in. If the seller hasn't already included a home warranty in the sale, you can request one. This is particularly appealing for older homes where appliances and systems may be nearing the end of their lifespan.

4. Option Period

The option period is a specified number of days during which you can back out of the contract for any reason. Negotiating an option period gives you time to have the home inspected and consider your decision without the risk of losing your earnest money. A longer option period can give you more leverage to negotiate repairs or the final price based on the inspection results.

5. Repairs

If your home inspection uncovers issues, you have a strong negotiating position. You can ask the seller to make the necessary repairs, offer a reduced price, or give you a cash credit at closing to handle the repairs yourself. Prioritize your requests, focusing on significant issues that could affect the home's value or livability.

6. Appliances

The default expectation is that built-in appliances stay with the home, but what about the fridge, washer, or dryer? If they're not included, and you want them, you can often negotiate to have these appliances included in the sale. This can save you considerable expense and hassle when you move in.

Negotiating a home purchase is a nuanced process that can significantly impact the value you get for your money. Remember, every item on the table can potentially save you thousands or even improve your quality of life in your new home. Don't hesitate to advocate for yourself, and use the expertise of a trusted real estate agent to guide you.

Buying a home is one of life's great milestones, and negotiating the right terms can make it even sweeter. So go ahead—negotiate confidently, and turn your dream home into a reality with the best deal possible.