How To Negotiate House Price After Inspections

Can you negotiate the price of a house after you do an inspection? You can pull out of the contract for any reason so you must get the property under contract as soon as possible and then do your due diligence. If you find any reason to negotiate a different price or to abandon the purchase, you can.

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Another factor you need to consider is the current real estate market. Have an understanding of that before getting into the conversation. If it's a hot seller's market you'll have less negotiating power.

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Ask Ryan is a short segment where he answers frequent questions he gets about real estate investing.
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[mcmickey]

What items are reasonable to ask for? Credit for an old ac that still works? Wearher sealing a deck?

[greydenpiechnickrealestate]

Was hoping for more info, what do you ask for in repairs? What is typical? Roof repair? Exposed electrical rewiring? Corroded pipe that leaks and needs replaced?

[lonyvoong]

Hi. I went into a purchase contract with the new builder, but in the contract there was no contingency addendum formed. The only thing it mentioned with financial contingency. Does that mean I cant do an inspection before closing?

[joseespinosa]

Hey Ryan I just got my inspection done and I ask a contractor to get me a estimate for the property issues it’s about 6k of repairs . Any advices last time I spoke to the seller he did not wanted to go more down on the price ?

[psatish]

Hey Ryan, good video. I’m buying a house in houston Texas. I think the market is not sellers for sure. It is a new construction and seller wanted to close it by end of May however my inspection done on May 23rd and detailed report was shared where the inspector found a stain on the primary bedroom and possible leaks so I asked seller to give detailed report about it and we found the backyard is not even so I can see water got patched here and there, and we do reported other multiple petty issues. Backyard not even and stain are two big ones. Do you think I can ask for closing discounts?