Buying As-Is - Then Negotiating the deal.

[Robert Obniski]

I don't know where I heard this quote but it stuck with me...

Besides the laws of nature..Everything is negotiable in life.

Which brings me to my question...

I have a condo under contract that was a foreclosure and it is being sold as-is. 

I just came home from the inspection and had the thought run across my mind.. How can I try to lower the accepted price?

I'm not a seasoned negotiator or anything so I turned to BP to see what kind of skills have been tried before...

As for the inspection, a few things that stuck out... A/C calls for 20amp breaker..it has 30. Furnace needs cleaning and tune up..leaks small amount of monoxide. Small wet spot on ceiling from upper neighbors sink (Most likely)

Thanks in advance!

[Michael Woodward]

@Robert Obniski

 In my experience, your ability to negotiate a lower price is almost always directly proportional to the motivation of the seller.  If the seller is in a strong position and they know it, you won't likely get them to come down much even if the condo is in really poor condition.  On the other hand, if they're asking too much (and they know it) and there's not much activity, then you've got a better shot at talking them down with a long list of repairs. Remember that everything is only worth what someone is willing to pay.  Most people are smart enough to see through "salesman speak" so you're real leverage is in the details of the numbers on that project.  .....but it never hurts to ask for a discount..... Good luck!