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Yep, general accepted process is agree to a price pending PPI. The check the buy writes will be agreed price - items identified in PPI. Good faith adjustments can be applied for 'non-issue' findings if parties are so inclined. I've been on the giving and receiving side of those items.
I also tend to throw in, up front, that either party can bail if the PPI uncovers repairs that exceed 30% of the agreed upon price. Had to exercise that one once, when the pristine looking car I was looking to buy wound up needing a ton of work.
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