Asking Seller’s to Pay For Interest Rate Buy Down

[Christin Nguyen]

Hey everyone,

So I am recently under contract for a property that I negotiated from 180k to 175k with 2.5k seller’s credit. I had an inspection contingency where I wanted an inspection but would ask for no repairs.

Pass forward to after the inspection, and I find out that it’s pretty clear. No structural issues or hazards with the property but still definitely some things to fix like grounding wires, rubber roofing, etc. Can I still go back to the seller and ask for some additional help in sellers credit for those repairs to do myself?

Or, could I ask the sellers for help with covering my buy down interest rate? I am locked in at 5.75% in which I needed to do a 1.5% buy down rate (2.1k). How could I respectfully ask to see if they can either credit me more for repairs or credit me for the buy down rate? Is that something I can even still ask now?

I definitely will appreciate all types of feedback. Thanks!