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Hi – We went to contract on a house (before the markets tanked) with plans to close in January / February. I have heard people talk about “renegotiating the contract” but I’m not exactly sure what people mean, or if that ever actually happens.

Is it possible to renegotiate the selling price after a contract has been signed? If so, any tips on how we might go about renegotiating?

In a recent post on this forum a user suggested a buyer scheduled to close later this month could ask the seller to cover some fees or throw in some perks (like appliances). Has anyone heard of this strategy working? Any tips?

Thank you!