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Updated about 4 years ago on . Most recent reply

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Cory Lucas
  • Rental Property Investor
  • Brighton, IL
139
Votes |
431
Posts

As Is Can’t negotiate further?

Cory Lucas
  • Rental Property Investor
  • Brighton, IL
Posted

Got an offer accepted on a property, home inspection showed some pretty big concerns, but my realtor says I can’t negotiate further since the seller is selling AS IS?

Is this right? If so any other thoughts/options versus just backing out?

  • Cory Lucas
  • Most Popular Reply

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    95
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    Allen Williams
    • Realtor
    • Jacksonville, FL
    87
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    Allen Williams
    • Realtor
    • Jacksonville, FL
    Replied

    @Cory Lucas As a Realtor I would say always always you are the customer and even if the other party denies your request that should be what happens, not your Realtor stopping you from making a move. I would encourage you to just state you want to send an amendment to the price (or repair addendum showing what want fixed, usually price reduction is easiest with amendment for AS-IS properties), attach a copy of a quote from a GC/sub so the other party knows it is legit, and then move forward if the numbers still work, or back out if the deal is dead. Hopefully the other party will help with covering some of the unforseen issues, not everyone is unreasonable. But I would do all that first instead of walking away because you already paid for an inspection. I hope this helps!

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