- Double KoronaParticipant@orlando75Join Date: 2015Post Count: 3
After obtaining a building inspection prior to settlement and on the condition there are defects to be found, would there be any advantage of using the building inspection costs as a bargaining tool that will go towards deducting the cost of repairs from the final offer in any way?
In this case, the buyer would be liable for any repairs before the settlement date. My guess is this might help me apply for a smaller loan (thus increasing my equity).Corey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
Quite often clients will use defects on a building and pest inspection to marginally negotiate their contracts down lower. Realistically though an unconditional offer would likely get you that lower price or even lower again, so I don’t particularly see this as a ‘strategy’.