If you are selling your house and have an accepted offer but after their home inspection they came back to you with a lower offer, is this ethical or even legal? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that this is not unethical or illegal. It is simply a negotiation. The buyers are apparently telling you that, due to one or more conditions uncovered by the inspection, they do not wish to pay the amount agreed upon. After they have given you the reason(s) for the lower price, at this point, you can accept, reject, or counter their new offer. Check out below to see what sold in Briarwood in September 2015:
47370 Scarlet Drive North, Novi: 4 bedrooms, 2.1 bathrooms, 2,027 sq. feet, 2 car garage, Sold Price: $275,000
Sometimes the buyer can put you between a rock and a hard place because if they cancel, they get their deposit back and can move on. You can certainly say no to their lower offer, put it back on the market and hope for a better offer. For more information on Briarwood, or similar Northville or Novi neighborhoods such as Lakes of Northville, Roma Ridge and Turtle Creek, contact The DiMora Team today at 248-505-7728 or email@example.com.