Seller Not Willing to Negotiate After Inspection

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If the seller refuses to negotiate or budge at all after the buyer has a home inspection and asks for a credit or repairs, then the buyer can either back out or go through with the deal as is.

In most cases, the buyer will just go through with the deal as is, because they've invested too much time and energy into the process of buying that particular property. This is especially likely when buying a condo, and the inspection is likely to only reveal minor things if anything that the buyer him or herself didn't find via a visual inspection.

The buyer could of course continue to try to negotiate right up until the expiration of the inspection period in Florida, or really with no time limit in New York since inspections are done before contract signing in New York.

A buyer may also opt to simply back out if during this inspection or diligence period the stock markets crash, in which case the buyer could opt to back out really for any reason.

Note that inspections are much more important when buying a single or multi-family house where you're responsible for the entire structure. In that case, the inspector may very well find issues which you wouldn't have found yourself, and some of these issues can be structural and quite serious. In these cases, if the seller doesn't want to budge, then it may well make sense to just back out of the deal.
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Hauseit Group LLC, Licensed Real Estate Corporation
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#hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitre

[marylouveniziano]

After the inspection, seller froze the deal out of the blue which is crazy. There’s no other buyers and the house is in the market for 197 days. Ugh

[joeparga]

I have the seller agreeing to cover 2.5 % of closing costs but after seeing two inspections there’s structural damage and hvac needs 7500 of work on top of 30 other things. Idk if I should walk or not the seller should of disclosed this stuff prior to going in escrow

[RJMEL]

The seller can agree to fix any repairs themselves as well.

[houseoffolly]

Buyers often make an offer to tie up a house, their plan is to have it inspected(by their inspector wink wink) and offer much less for alleged defects. Don't tie up your house . If you do allow an inspection contingency have it in writing tha t it is to take place within a week. And maybe even research the buyers before agreeing to their offer.