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Can seller raise purchase price during objection resolution based on my inspection

So we recently put an offer on a home, we got below list price and 2K concessions. During the inspection we found numerous problems, the owners claim they weren't aware of. They were only willing to fix about 1/3rd of the problems ( about 2K in cost) if they raised the purchase price and removed the concessions. A difference of about 4.5K. They also added that it was their intention to list the house if it goes back on market at 2.5K higher than what they listed before. Is it legal for them to do this? Am I entitled to reimbursement of my inspection costs, since they intend to use the information to increase their sales price? How should I go about this. I intend to terminate and I am not interested in the house, just curious if there is anyway for me to recoup the costs.
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March 13 2013 - Westminster
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Answers (4)

You proposed a change in the contract with your counter/request for sellers to pay for repairs it's only fair for the seller to request a change in the contract.

If you stuck to the terms of the initial contract and they proposed increasing the price that would be a different story.

Sellers are not obligated to complete repairs and stick to the terms of an as-is contract.

Inspections are to protect a home-buyer hence they are not a cost that a seller should be responsible for.
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March 13 2013
A seller can list a property for whatever price they desire.  Moving forward they must (in most states) disclose any unrepaired issues uncovered in that inspection report to any buyer that makes an offer on the property. Unfortunately, you are not entitled to reimbursement unless your sales contract is atypical. 

Good luck to you!
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March 13 2013
Yes, it is legal. No, you are not entitled to reimbursement. How should you go about this? Well, it depends. If the house isn't worth the extra $4500 to you (minus the sunk inspection cost), then walk away.

Look at it from the seller's side. They were willing to sell it to you as-is for the agreed-upon price. They're not willing to give you anything more. End of story.

All the best,
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March 13 2013
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Yes, they can do what they propose.  No, you are not entitled to a reimbursement for your inspection costs.

Welcome to the frustrating game of home buying.

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March 13 2013
 
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