Updated about 7 years ago on . Most recent reply
First House Purchase
I've been looking at properties for about 4 months. I finally saw one I liked that I wanted to make an offer on, then the next week I saw one that I really liked and in an area I liked, It's a foreclosure that's was listed 10-15k lower than what other house were selling for in the neighborhood. I made an offer, but it only appraised for $3,000 more than the price we agreed on. I was expecting it to appraise higher. Now I'm wondering if I should have offered lower for a better deal since it's a foreclosure. House inspection was good. They remodeled the house, roof only about 5 years old and HVAC unit is only about a year old. The contract is pass the closing date and now they want me to sign a contract extension. If I don't sign the extension, do this give me bargaining power to negotiate some more?