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 5 years ago,
FHA Buyer and credit/concession for closing
Hello Everyone
I have $200K full listing price offer from FHA buyer but condition is to credit/concession $8,000 for closing cost.
Issue is that buyers agent adding a condition in the contract if the appraisal is less than listing price $200K then buyer will renegotiate the credit/concession amount.
Sellers net will be $192K if there’s no issue with appraisal value but if appraisal comes $195K buyers still wants $8,000 but I want offer $3,000. Who’s right? And what I can do
Thank you for your feedback