Negotiating after inspection on “as is” sale

[Brad E.]

Hey BP I just got in contract on a triplex here in GA. Seller had it listed for 200k and I was able to get the contract signed for 183k.

Before we started negotiating there was no as is language in the purchase agreement. After a few rounds of counters they took my last offer but wanted to add in the sold “as is” stipulation and also said in a message from the seller agent that they wouldn’t make repairs at this price because of xyz reasons.

The house has been in contract twice already since December and it has fallen through for reasons that I’m not completely sure of. I have not physically visited the property yet.

So ... my question is can I still negotiate for seller credit if I find issues during inspection?

My agent acted like the only option at that point would be to walk away from the deal.

I’m not trying to beat the seller up on minor stuff but if I find expensive repairs needed I’m going to want some concession.

Thanks for the feedback.

[Michael Noto]

@Brad E. I know the as-is clause in our state contracts allows a buyer to exercise his inspection contingency and get his deposit back if something comes up in the inspection that would make the buyer want to back out. The as-is clause just states that the seller isn't willing to make any repairs for issues that come up in the inspection.

Yes, if things come up you can absolutely negotiate a credit and/or repairs to be done if there is an as-is clause. 50/50 proposition if the seller will be willing to play ball. 

Keep in mind, at the point where you will be negotiating on the inspection issues you will be 1-2 weeks down the line in the transaction and the seller will have in his mind that he is close to getting rid of the property. In a completely different place mentally than when he was staunch about the as-is clause, which could potentially benefit you.