Updated over 4 years ago on . Most recent reply
Looking for some advice for re-negotiations with a seller
I’m currently in the process of purchasing an “as-is” rental property for $100k. The inspector has just confirmed it will need a new roof. How should I now approach re-negotiations with the seller? Thanks
Most Popular Reply
@Steve Hicks Read your contract. That and that alone will govern your options.
If there's a provision for inspections, you can do whatever that provision says. If not, you can refuse to close, but may lose your deposits.
You can ask the seller for a concession, but if the contract doesn't allow for it, he's perfectly justified in refusing.