Best of Luck,
Century 21 Tenace
In some instances, the utilities have been disconnected and the buyer will be required to make arrangements if wanting to complete an inspection. There are a significant number of homes for sale under this condition and with that verbiage. Furthermore, some homes listed in this situation will state that any offer must be free of ANY contingencies. Which means the inspection, if desired, must be competed before submitting the offer to purchase.
This would not the the recommended situation for a first time home buyer.
An experienced buyer can find real value in such situations.
Your 'kind of suspicious' feeling is unmerited. This is a valid solution to selling a property that is in a distressed situation. The seller may be broke, They buyer must be able to complete their due diligence. The pre-requisites, as you have read, makes ti real clear.
Purchasing real estate under such circumstances is NOT SUITABLE FOR EVERYONE. An attempt to attach any additional costs, for whatever reason, to the buyer is highly likely.
The professional you have hired to represent you will be able to explain in detail the requirements of each statement. Your professional will advise regarding implications if you are financing this purchase.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
There could be many reasons for listing the home this way but the agent has been instructed by the homeowner.
It could be as simple as: "If I put my home on the market for this low price you as my agent are suggesting I will not address inspection results"
Many times Estates are sold in this manner. Relatives of the deceased to not want to outlay cash nor do they want to bother with repairing item.
Maybe they know the furnace is 'on its last leg' and have price the home accordingly.
Have you seen the inside of the home? How long has the home been on market?
The phrase that the buyer is responsible for all items in order to settle could mean quite a bit. I'd assume that it definitely included all inspections and included other fees that sellers normally pay at closing.
A Realtor would take such a listing because they believe they can help the homeowner/seller.
Realtors help people. I cannot emphasise that enough.
A Realtor can help you navigate this murky situation. If you are a serious buyer, I'd recommend finding a Realtor you are comfortable with to guide you through this process.
Good luck in your search for a Realtor and a house.
. FYI all real estate transactions in New Jersey are conducted on an "As Is" basis except for new construction. In other words there is no legal obligation for the owner to fix things prior to sale.
The second part means that the buyer is required to obtain the certificate of continued occupancy that most towns require to be issued before the sale takes place. This normally the responsibility of the seller but if there are no funds available for payment - as in the case of a short sale, foreclosure or sometimes an estate sale - then they may stipulate that the buyer is responsible. This is a little trickier as there may have been work done on the house for which permits were not opened or permits that were not signed off on which is a violation of the building code.
However the potential buyer can approach the building department of the town and they will tell you if there are any possible violations
Fred Yancy, Broker