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Updated almost 5 years ago on . Most recent reply

User Stats

104
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37
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Milind Shastri
  • Investor
  • Allen, TX
37
Votes |
104
Posts

Renegotiate buying price after corona-virus

Milind Shastri
  • Investor
  • Allen, TX
Posted

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

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884
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670
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Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
670
Votes |
884
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Justin Tahilramani
  • Rental Property Investor
  • Fayetteville, NC
Replied

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. 

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