Buying & Selling Real Estate
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 6 years ago,
Negotiating in Escrow. Need Advice!
Hello! I'm wondering what to do in regards to a situation i've encountered and how to handle it. I am currently in escrow on a 4-unit property and am in the middle of the inspection contingency period. Following the inspection, due to some unforeseen problems I have counter-offered the asking price. The inspection period ends this Friday, May 11th. The seller is asking to give me a response by Monday the 14th at the latest after "crunching some numbers". Should I play nice and allow her the extra time? Should I have the Purchase Agreement re-submitted to reflect the new dates? Or should I ask that the current deadlines be honored and get an answer or reply by Friday. Thank you!!!