Cameron Parr
Renegotiate, walk away, or follow through?
I’ve been under contract to purchase a duplex since October 2019. Property had a messy title and I was told it was cleared and ready to close February 2020. I went for final walkthrough and water to the property was n...
Freddy Alban
Renegotiate or back out the deal
Hello BP,I recently went under contract for a property that has 1.74 acres the main house was built 1900 and has 2/1 1092sq ft. There is a shed with electricity and water that would need some rehab as well to be rente...
Bharath Raj
Contract renegotiation based on inspection reports
I am under contract to buy a 4650 sq ft office building near Houston. The building was built in the early 1980s. The roof is a flat bituminous one (original). The general inspector reported more serious concerns with ...
Kenneth Crawford
Renegotiating a Dollar General lease contract
I recently inherited a Dollar General store from my parents. They owned the store for 20 years. Now the lease is up for renewal and Dollar General wants me to sign a contract for 6 years with no increase in rent. The ...
RI N.
Turnkey price renegotiated to accommodate repairs?
my understanding from BP is that a TK property is rent ready with all major systems functional for several years. Thus roof w long life remaining (i.e. 10yrs min), hvac, plumbing and electric all new or much life rema...
Razak Amadu
Can I renegotiate a ratified contract?
Signed a contract to buy a house to flip as-is. No contingencies on contract. Offer got accepted. I definitely underestimated on the rehab. Brought in contractor and the rehab is almost twice what I estimated. Un...
Matthew Von Dwingelo
Do You Renegotiate Deals Before Buying?
Hey Y'all,Just curious, I know with some people there is a moral conflict with it, but how many of you will go back and Renegotiate a deal after inspection? Do any of you go into deals with the plan to renegotiate aft...
Christian Longacre
Successfully renegotiating an inherited tenant lease?
In a recently purchased property, I inherited a good tenant who is 1 year into a 5-year lease. She's related to the previous owner, and the monthly rent is probably $200 below-market. I like her as a tenant, and she...
Ryan Franklin
Help! Renegotiating Purchase Agreement...proper way???
So I have a property under contract. Inspection report (and walkthrough of all units) led to discovery of some serious items that need to be addressed. Seller's agent is expecting to renegotiate, but what is the prope...
Eric James
Bound to original contract during renegotiation?
I am selling a SFH and during the option period the buyer is renegotiating based on the inspection. I may be getting a higher offer from another buyer, and am wondering: am I still bound to the first buyer's original ...