The buyer may not be able to get financing and or live it in after close but that still does not prevent it from being sold to the right buyer.
Arizona Homes for Sale by a Guy from Iowa
In general, however, any property can transfer 'as is' as long as the buyer accepts that and it clears title. The catch is that not all lenders will loan on a property in this condition. So it may be 'transferrable" but not "financeable" â€“ a big difference.
There are loan programs out there that will allow you to borrow the amount that is needed to fix up a home, but they too have their tolerance for the shape of the home.
The bank will establish their individual strategies on how a home is put on the market. Some banks do a great job rehabbing homes before they go on the market; others sell them in substantially the same condition in which they received them at foreclosure.
The Key is for you to decide your tolerance level for a fixer upper and if you can pay cash to do so. If you are financing the home, move on to a property that is â€œfinanceableâ€. Keep your budget in mind, and search for homes at or below your budget that do not need a substantial amount of repair.