Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Question about repairs amendment for FHA offer
Hi,
I'm under contract for a fourplex, and currently in post inspection negotiation.
My real estate agent asked me to sign a repairs amendment to the offer that includes a termite letter for the entire property (disclosure from previous offer inspection), as well as FHA required fixes.
My question is: should I include additional repairs on this list, or is it possible to negotiate those big ticket items after the current repairs are done?
For example, the items I would like to negotiate are: new roof and electric panels and wiring. Should these be included in the repairs amendment if not required for the FHA loan? My goal is to either have the seller pay for the repairs or lower the agreed upon price.
Thank you