Don't just love it when a buyer wants to re-negotiate after they are under contract? First off, I am working with a customer who purchased one of my bank owned listings this summer (Good News), and now he decided to by two more (Great News). He negotiated the deal of a lifetime on these other two units, with Seller closing assistance, financing and a fantastic price, much lower then he got on his 1st purchase. He wanted to put settlement off till end of year, but that was the only term the bank didn't agree to.
Now that he is under contract on both units and his private bank is asking him to put up a little more cash, he wants the seller/bank to extend his terms (as he originally offered), or wants them to lend him the money. And oh, he also wanted the seller to let him stay the night in one of their units when he comes to the beach to do the home inspection, because his unit is rented! Then, he asks if the bank will increase the contract price and seller assistance to keep the property values up. Are you kidding me? I'm not sure what to make of this guy, but he is a great negotiator for sure.
I guess I will have to wait to see if I can keep this one together long enough to make it to the table.