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Is there a way to increase seller’s maximum contribution without raising the purchase price?

So, we are selling our home. Our buyers have a convention loan and are putting 5% down. Purchase price is $167,000 which puts 3% seller contribution at $5,010. Our contract specifies that seller will contribute $5,000 toward closing costs.

These buyer are...being difficult. We have fixed or replaced everything they requested after their inspection except for a new furnace and water heater. Ours are both in good working order. Their inspector did not state in the report that they needed to be replaced.

While that is extremely frustrating, we’re at the point that we’ll pay for a new furnace just to be done with these people. The problem is, they want a credit for it. And as I understand it, we can only give them about $10 which reaches the max 3% seller contribution.

Their realtor has extended our resolution period so she can contact the buyer’s lender to see if they’ll allow more that a 3% contribution by the seller (me).

Is that possible? I thought these limits were set and set for a reason.

submitted by /u/bexallday
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source https://www.reddit.com/r/RealEstate/comments/frpm6v/is_there_a_way_to_increase_sellers_maximum/
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