Requesting a price reduction for surprise defects

REThink Real Estate

Q: Can I subtract from the offer I’ve made on a home if the home inspection shows there are some big problems, or do I automatically have to cancel the deal altogether? –Richard N.

A: When it comes to inspection revelations, "big" is relative, but, like beauty, it’s in the eye of the beholder. By that I mean that if you think that a condition problem is too big for you to buy the home on the agreed-upon terms, then it is.