Negotiating With Fannie Mae After Post-Offer Inspection

[William Coet]

Fannie Mae allows a 10 day inspection period after they have accepted the offer and an earnest money deposit has been provided.  Can anybody explain if the price can be negotiated if problems are found with the property that weren't expected?  If so, how can the price be negotiated?

Thanks!

[Andy Mirza]

@William Coet I would definitely try if you've discovered significant things wrong with the property that aren't readily visible. If Fannie's agents weren't aware of a problem, then they're going to have to deal with it one way or another whether  it's with you or the next buyer if you were to back out.