At what point do Negotiations end?

[Kathryn Schauer]

I'm under contract on a SFH that I plan to buy and hold long term. Close is set for April 15th. The inspection is done and the repairs identified in the inspection have been addressed. Appraisal is done. Now with COVID I'm just wondering if I can further negotiate the price. Has that period already passed?

[Joe Villeneuve]

Yes...but you have to follow a very specific set of steps to do it successfully.  

Here's how it works:
1 - Your REA tells their REA that you are not going to close.
2 - You lose your EMD
3 - Your REA then contacts their REA again, and makes your new offer.
4 - Their REA tells your REA to tell you to "Go To H377", and...
5 - You just successfully re-negotiated a vacation to a very warm destination.