Quote:
Originally Posted by Baz
Since you have their original offer in writing...you have some leverage if you choose to negotiate a final agreed upon price.
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Quote:
Originally Posted by Hugh R
If you have the written offer and a good faith deposit, tell them no and say they've defaulted and keep the deposit.
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Unfortunately, it doesn't work like that in most cases. During the inspection period, the seller basically has zero leverage. The buyer can typically cancel the contract and get their earnest money back for any reason, as long as it's during the specified inspection period. That is why you see many buyers using the inspection as a tool to squeeze sellers further. There really isn't any downside for the buyer to request more money during the inspection, as the seller's options are either to agree to the concession(s), or reject them and continue with the sale as agreed upon originally.