Replying to refresh your question and bring it to the 1st page. As a retired realtor, my advice is to stand firm and do NOT repair anything and do NOT give them any more credits. You are selling the house as is. You already accepted a low ball offer and credited them with closing costs. THAT'S IT!! End of story.
The worst case scenario is their lender (if any) won't give them a loan to finance the purchase. If that happens, let them walk away and cancel the sale. Too bad. So sad. Now you can re market your home and find a new buyer. If you need to find a new buyer, this time - NO EXTRA BENEFITS to the buyer. Either a low offer or closing costs - not both.
You may be forced to sign with a realtor and have them market your home to investors. It will cost you a commission but at least it will sell. As a guideline, selling by owner is best suited for move in ready homes (completely renovated) in desirable neighborhoods. Houses with issues need realtors because those homes are more difficult to sell - even for a realtor.... more
You should have addressed this in the purchase contract. The seller could be in default of your contract, you will have to have your buyer agent review it with you and if buying without an agent, have a lawyer review it.... more
Is this for a new home construction? I know with builders, they have salespeople on site that coerce buyers to sign contracts because builders see buyers as suckers. If this was not for new construction, was the home For Sale By Owner? For any other type of listing, you would have had to have an agent involved.
At this point, if your attorney cannot resolve this, there is nothing anyone else can do.... more
Define what you are looking for in a brokerage.
Education is critical and may be a major factor in you selecting a brokerage.
Know if it is a cloud office or if you will be paying monthly desk fees.... more
Have you looked at Prep Agent?
He has tons of videos on Youtube if you want his free content, or a website with tons of practice tests and study materials for a weekly or monthly fee. Very helpful!... more
In theory, yes you can have a home inspection before an offer is made BUT you will need to do it secretly and you will be wasting your money. The issues / challenges are as follows:
1. When your agent schedules you for a private showing, you can ask to have a 1 - 2 hour private showing instead of the typical 30 min. - 1 hour. Your agent may not agree to this and the listing agent may get suspicious and wonder why you need a longer showing. During this 2 hour showing is when your contractor can do a home inspection. Beware - there are some things your contractor will not have access to for inspection.
2. Since you will pay for the home inspection and you have no contract, suppose you don't want the house? You just wasted money on an inspection. You will need to pay for another inspection for a different house and on and on. You will save money and it makes more sense to WAIT until you have a signed contract from the seller - then have a home inspection done.
3. ALL purchase contracts to buy a home give the buyers a specific time period (this is negotiable) to have the buyer complete all contingencies - including a home inspection. When you submit an offer, your offer will include contingencies. Examples: home inspection, appraisal, financing, etc. You can have as many contingencies as you wish. Contingencies mean you will NOT buy the home if any of the contingencies do not meet your satisfaction. Therefore, if a home inspection reveals the house needs repairs, you have the right to walk away and cancel the contract. You will also get your earnest money back.
4. The best thing to do is when you submit an offer on a home, you will include the following contingencies: home inspection, roof inspection, appraisal, financing. You will also include 3 weeks (21 days) to complete all contingencies. During the winter season, I would allow 4 weeks but there is no snow now, so 3 weeks should be plenty of time. Worst case scenario is the seller may either reject your offer or counter. At that point, you will need to make a decision as to what is important to you.... more