Buyers or sellers should not feel obligated to continue negotiations if they don’t feel comfortable with the sale price or agree with the terms of the counter offer, such as waiving the home inspection contingency.
If you’re the buyer, you should recognize the following red flags as signs to walk away from a real estate negotiation:
● The appraisal comes in lower than what you’ve offered.
● The home inspection reveals some major problems with the home.
● Someone else lays claim during a title search.
● It’ll cost a lot of money to insure.
● The deed restrictions are difficult for you to navigate.