Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

161
Posts
103
Votes
Diana Dorantes
  • Rental Property Investor
  • Channahon, IL
103
Votes |
161
Posts

My first FSBO, agreement on price, but want to ask for reduced $

Diana Dorantes
  • Rental Property Investor
  • Channahon, IL
Posted

So found a great 3 bed, 3 bath all brick.  Walked the property and later the same day agreed to a price, no contingency.  Here’s the issue.  Had an inspection and found big issues with the support beams in the crawl space.   I want to request about 5,000 reduced price, but not sure because of my agreement to no contingency.  

Can I nagociate after we already signed the contract?  I left a message for my attorney but will probably not get a response till tomorrow afternoon.  Any guidance appreciated.

Most Popular Reply

User Stats

3,412
Posts
4,013
Votes
Charlie MacPherson
  • China, ME
4,013
Votes |
3,412
Posts
Charlie MacPherson
  • China, ME
Replied

@Diana Dorantes It depends on the language in your contract.

If you really signed a contract with no contingencies, then you may have a problem.

There may be a way out, but I don't think it would be straightforward.  It's probably going to revolve around contract law and this particular contract.  

I think you should buy an hour of an attorney's time and get some legal advice - and don't forget to pay attention to the timelines in whatever contract you've signed.

Loading replies...