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/u/K_003106
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Hello! We are first time homebuyers who had our offer accepted last year. We've been through inspection, title, appraissal, and have conditional approval.
Our original terms 412k home with 5k of closing assistance and split the cost of radon repair (around 600 dollars each). They moved our close date up a month and took the washer and dryer.
Our appraisal came back at 385k. We offered to let them keep the 5k of CC if they covered half the repair and lowered to appraised price.
Essentially the seller is willing to reduce the price to 385k, but is removing the repair and the 5k of closing costs. They are also reducing our realtors rate and keeping the washer and dryer.
I'm feeling that this new deal is unworkable for us. We will have to double up on rent / mortgage for 2 months (because they wanted an earlier close) which will cost around 6k. It will also cost us 1-2k to replace the washer and dryer. Without the closing cost assistance, this deal will cost us around 10k more than the first.
Is there anything we could negotiate on? They have the appraisal and this is conventional.
submitted by /u/K_003106
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A week out from close and I'm concerned at the revised purchase agreement
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Our original terms 412k home with 5k of closing assistance and split the cost of radon repair (around 600 dollars each). They moved our close date up a month and took the washer and dryer.
Our appraisal came back at 385k. We offered to let them keep the 5k of CC if they covered half the repair and lowered to appraised price.
Essentially the seller is willing to reduce the price to 385k, but is removing the repair and the 5k of closing costs. They are also reducing our realtors rate and keeping the washer and dryer.
I'm feeling that this new deal is unworkable for us. We will have to double up on rent / mortgage for 2 months (because they wanted an earlier close) which will cost around 6k. It will also cost us 1-2k to replace the washer and dryer. Without the closing cost assistance, this deal will cost us around 10k more than the first.
Is there anything we could negotiate on? They have the appraisal and this is conventional.
submitted by /u/K_003106
[link] [comments]
A week out from close and I'm concerned at the revised purchase agreement
Continue reading...