Can I ask for concessions after placing an offer, for example after an inspection?
Depending on what is found in the inspection, you MAY be able to get some concessions from the seller. I would talk to your agent about the specifics of your particular inspection. If there are serious issues that have not been previously disclosed, it is okay to ask the seller for credits. However, there are no guarantees. Situations when you USUALLY won’t be able to get any credits are… 1. A short sale. Sellers in a short sale usually won’t have any more room to negotiate credits. 2. A foreclosed home. Banks that are selling properties for less than market value don’t like to give credits. 3. When problems have already been disclosed. If the sellers have already made a problem known, they assume that you will take that problem into consideration when making your initial offer, rather than asking for credits after the offer has been accepted. This is yet another reason why you should always use a buyer’s agent when making an offer on a property. A lot of people assume they will get
