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Updated about 7 years ago on . Most recent reply

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Ryan Deeter
  • Columbus , Ohio
6
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20
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negotiating an "as is" home

Ryan Deeter
  • Columbus , Ohio
Posted

is it ok to negotiate an "as is" home in a competitive market?   I am in contract with a duplex that needs maybe 10K more than I expected.  Should I see if the seller is willing to negotiate on the price? They have already been in contract once that feel though due to financing of buyer.   There are also no current renters as they moved out anticipating the the sell of the home with the first potential buyer.  

Thank you for your help. 

  • Ryan Deeter
  • Most Popular Reply

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    97
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    Josh Engelhart
    • Lender
    • Powell, OH
    64
    Votes |
    97
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    Josh Engelhart
    • Lender
    • Powell, OH
    Replied

    @Ryan Deeter l would be curious as to why their financing fell through. If it was due to the condition of the property you will likely have similar issues if you are also seeking financing. If it was due to their qualifications I wouldn't worry about it.

    I agree with @Jay Helms that everything is negotiable. If 9 other people are lining up to buy this house they probably don't want to budge. If you are the only other buyer than you probably have some room to work with.

    I check the MLS for Franklin county multi family properties every 30 minutes or so. I have probably seen the house you are looking at and I would be happy to talk about this in more detail with you if you want.

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