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Negotiate Concessions

During your Option Period, if you discover issues that need repair that were not expected or previously disclosed, it makes sense to try to get concessions from the seller.  This might be an actual repair.  More often, it comes in the form of having the seller pay some of your buyer-side closing costs.  Leaves cash in your pocket so you can deal with the repair later.
Benefit is that you choose the repair provider and potentially have any warranties in your name.
Downside is that it might be on your honey-do list for years.
This second round of negotiations can be affected by the first round - the contract.  If we beat every last dime out of the sellers, we might find empty pockets.  If things went cordially, we probably will have an easier time getting reasonable requests made now.
If the seller doesn't agree to a solution you can accept, your recourse is to opt out of the contract and go find another house.
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John
Stapleton
512-219-Sold
Broker
Owner
Founder
Focus Realty™

Texas Information About Brokerage Services and ​Texas Real Estate Commission Consumer Protection Notice
  • home
  • 2418 Madeline Loop
  • 6400 Lakeshore Drive
  • 7812 Dakota
  • Zuma
  • Full Move
  • Help Us Buy a Home
  • Steps in Buying a Home
  • Come Sell Our House
  • Reviews
  • New Clients Please Watch
  • Steps in Selling a Home
  • Austin Realty Blog
  • Buy before Selling
  • Sold on Legend Hills
  • Recently Bought & Sold
  • Texas Real Estate Commission Information About Brokerage Services
  • Real Estate Marketing Photos
  • Travel Blog
  • Cabinet Painting
  • Milburn Park
  • Lakeline Metro Rail
  • Hill Country
  • Selling Process Overview
  • Contract Class
  • Big Bend Adventure
  • Lake Cedar Park
  • Search
  • Make Ready Consultation
  • Safety During Showings
  • Vendor Recommendations
  • Working By Referral
  • Mortgage Pre-Approval Process
  • Live MLS Search
  • Mulitple Offers
  • Cancel Insurance
  • Make an Offer
  • Counter Offers and Negotiation
  • Contract on a Home!
  • Negotiate Concessions
  • 80
  • Another sale on Old Mill
  • Pending Without Option