cold feet? entering contract-negotiating?

Hi folks,
I am about to enter a contract for a 2family in prime williamsburg. No brownstone, but no renovation either. He accepted my low (not low for me) offer the first day the market tanked last week. As it has gotten worse, I am starting to get nervous. Haven’t signed anything yet, am thinking about negotiating further with a few big ticket items found on the inspection. Any tips? The last time I bought the market was strong and no one could negotiate anything in Williamsburg. Thanks guys.

By bqe1970 |