Home Buying in 08527>Question Details

Angela, Home Buyer in Charlotte, NC

Looking to buy a sold as is home, can exception Be made?

Asked by Angela, Charlotte, NC Sun Jun 2, 2013

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Answers

6
You can always ask as part of your offer, but do not expect to get a good response since most times these homes are priced in lower ranges to begin with. AS iS homes are usually situations where the sellers simply cannot do anything for either physical or financial reasons, in some cases the seller may consider giving you a credit back at closing if they are going to net something on the sale, instead of taking a lower price.
0 votes Thank Flag Link Mon Jun 24, 2013
Have you visited the home?
What are your concerns?

Prior to anticipating the necessity for exceptions, we would recommend that you visit the property with a knowledgeable contractor that can informally evaluate the needs of the home before making an offer.

It's already been stated that normally "AS IS" sales are priced with the defects taken into consideration. I would recommend basing your offer on an established value based on comparison information before deducting the costs of any identified repairs that need to be made to bring the home to an inhabitable level.

Bill
0 votes Thank Flag Link Mon Jun 10, 2013
Most homes that are sold as is are priced significantly lower than those that are not. Usually the reason is they are either short sales, foreclosures , or the sellers just don't have the funds or know how to do the work. You can attempt to ask for repairs on the as is home you are interested in but don't be surprised if your request is rejected.
0 votes Thank Flag Link Mon Jun 10, 2013
Angela,

I would recommend you speak to your agent to discuss this matter. If you do not have an agent, please feel free to contact me at your convenience and I would be happy to help you.

Ron Sheedy
(732) 239-7452
0 votes Thank Flag Link Sun Jun 2, 2013
If you are looking to buy a home that is listed "as is" and want to make requests for repair of something or perhaps negotiate the terms, you would have to talk to your agent to see if these things can be done. Often properties are sold "as is" because the seller has financial difficulties that prevent them from having the funds to make repairs or updates. Every situation is different and you would need to enlist the professional skills of your agent to see if there is any chance to negotiate the totality of the "as is" status
0 votes Thank Flag Link Sun Jun 2, 2013
You want to buy a house that was just SOLD?
And you want an EXCEPTION to what?
0 votes Thank Flag Link Sun Jun 2, 2013
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