Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Renegotiate buying price after corona-virus
Has anyone renegotiated the purchase price of a property (being bought through a whole-seller)?
The deal was entered before the COVID-19 situation, but considering the sudden change of market conditions, it now seems like there is good reason to believe that the house prices will go down, see a few articles:
article 1
article 2
article 3
Does anyone have any insights about going about renegotiating the purchase price a few days before closing?
Thanks.
Most Popular Reply

You can try, but I doubt a wholesaler is going to be moved by your plea. They will likely just take your deposit and sell it to someone else.