Question Details

Barry Kent, Home Buyer in San Francisco, CA

Can I counteroffer after getting inspection done?

Asked by Barry Kent, San Francisco, CA Sat Oct 18, 2008

I am purchasing a REO and got a inspection, turns out theres about 20K in damages can I negotiate the contract amount down?

Help the community by answering this question:


If you have a signed agreement and as most REO properties is being sold "AS IS." you may have missed the opportunity to negotiate.

Check your contract to see the conditions to opt out of the agreement. Most contracts will have a repair amount that if exceeded, the buyer can back out of the contract.

As always, the best thing to do is check with an attorney when questioning the terms of a contract.
0 votes Thank Flag Link Sun Oct 19, 2008
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