Keep in mind that everything is negotiable...even if the seller requests an AS-IS sale. But also keep in mind that if your area is competitive, other buyers will likely submit AS-IS offers to try and win the bid, regardless of whether the seller is asking for an AS-IS offer.
Either way, you will still have the same opportunities to have your inspections performed and cancel the contract if the inspection results are not satisfactory to you.
If your agent has not explained this thoroughly, then get a new agent.
Best of luck,
You should always request an inspection. That's your right as a buyer and your agent should be recommending that you have one done.
Any negative information about defects with the property could give you a reason to exit the escrow process thereby relieving you of the duty to buy a "lemon" property.
Best of luck,
you can still get your own inspections...just be prepared to pay for any repairs needed as it looks like the seller does not want to pay for them
BUYER CASH REBATE 50%-60% / SELLER DISCOUNT 50%
Quality Full Service! Work directly with the Owner/Broker.
Flavio Tejada, Owner/Broker, Realtor, MBA-Finance
It's usually a good idea to have an agent who is experienced in working with SELLERS to represent you as a buyer so your agent can help you understand the seller's thinking and put you in the best position to negotiate and buy the property you want for the price and terms that make the most sense for you.
The REOs and the Shortsales have owners who do not want to lose another penny.
The Buyers, however, need to have it TURN-KEY becaise they have used up all their money just buying the darn place.
That's why the Lenders are getting creative with Re-Con piggy-back loans.
I wouldn't expect any Inspections done by the Seller; again, de-rigour.
Your Offer should include INSPECTION CONTINGENCIES so that you can either re-negotiate the repairs, or walk away from it.
What is your Realtor advising?
You are using a Realtor, right?
Keller Williams Realty Sunset
reveal hidden damage. You could be buying the money pit with a fresh coat of paint covering up the
Additionally, your unit could be in great shape, but your home inspector will not normally have access to other units, and attic, and basements if any, so remember that in condoland, you are not buying a house, or a condo, you're buying shares of the whole development. Construction defects
are all too common. If they aren't discovered and repaired before the statute of limitations runs out (in CA usually 10 years - consult your attorney), you own it ! The difference between paying to repair
these same damages on a SFR is that in a condo you have no say in what to do, or how to do it,
unless you're on the Board.
People often don't mind taking a well calculated risk, particularly if they have plenty of cash, and
income after the purchase, but if money is tight - thinking a condo will spare you the unexpected
shocks an individual homeowner might face can be a sense of false security. You can read much
about it online in HOA forums from all over the country.
Debby Thompson Broker
Homestead Realty Inc
Harold Sharpe - Broker
So Cal Homes
California Department of Real Estate Broker License # 01312992
Additionally, without a buyer's agent, you could be missing other important details, such as how much the unit down the hall sold for last month or whether there's a better property for sale around the corner. The internet and real estate websites are good, but cannot (and won't ever) replace a good agent who's working for you.
If you're asking a question like this, you should probably have an agent that you are comfortable with so that you can ask any question, anytime. Many buyers feel as thought they can get a better deal or possibly some sort of discount by going to a listing agent and working with them. That might work, but then again it might not. Hard to say versus how much you might have saved when a buyer's agent negotiated a lower price or found you a better home. Let me know if I can help. Thanks and good luck.-Matt Ciganek
McGuire Real Estate
Talk to your agent.