Please keep in mind every property inspection has a list of repairs needed. If they are normal wear and tear or minor issues most likely the bank will not offer a credit for that. However, if the issues are major like roof, foundation, major pluming or electrical etc you can often times renegotiate.
Your agent shout been able to explain all of this to you. If they can not I would find another agent.
Please let me know if I can be of any assistance.
Licensed Real Estate Broker NV#62827 MA#9530304 RI#18138
NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
MA & RI Broker at Sankey Real Estate
If you're worried about spending $450 now.........imagine how you'll feel if there are thousands of dollars of repairs, and you're stuck with buying the "as is" home!
Follow your agent's advice......it is good advice........... he or she is looking out for your best interests!!!
Just as an aside - there is always a slight possibility that the bank might help cover a major structural repair/fault (I had 1 short sale where the seller chipped in in order to make it work), but you need to go into this fully informed!
If you found out the foundation was crumbling and the house was about to fall apart, would you continue to buy it? Would you pay what you've offered? As is does not always mean what everyone thinks it means. If you find out the roof is shot, you can say legitimately, "If you replace the roof, pay me the cost of the roof in closing costs or a price reduction, I'll continue the purchase, otherwise I will withdraw."
NEVER buy a home without a thorough inspection by a fully licensed and experienced inspector who is the best one you can find. A good inspector is worth far more than the cost, this is not an area to "save" money.
Get the home inspection... It is a small amount to pay to possibly save you many dollars and hours of stress in the future...
Hank Lauzon III
Signature Real Estate Group
9525 Hillwood Drive #120
Las Vegas, NV 89134
Web : http://www.HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.
I was personally purchasing a short sale a number of years ago that looked to be absolutely in top condition. But my inspector found major foundation damage which ended up in us canceling the sale.
I always recommend having an inspection!!
Berkshire Hathaway HomeServices
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
To start buying a short sale is a waste of time, you may believe you're getting a deal, but it's doubtful that you are unless your time means nothing to you. Secondly you're worrying about $450 in relationship to many hundreds or thousands, don't be penny-wise and dollar foolish, get an inspection, or be prepared to inherit more expensive problems that could easily have been avoided.
Best case, there is nothing major wrong and you proceed. Worst case, you find out it will cost significant money to repair home and walk away. If for nothing else, it gives a peace of mind which is priceless and really comes into play when you are signing the final documents.
~An ounce of prevention is better than a pound of cure.