Here is a link to our video post. Hope it helps...
With that said, it really depends on the situation. If youâ€™re not currently working with an agent, feel free to give me a call. I see you live in my local area.
Long & Foster, Real Estate Inc.
1415 Route 70E Suite 106
Cherry Hill, NJ 08034
(609) 320-6700 â€“ Cell
(856) 310-9229 â€“ Fax
RealtorÂ® specializing in the sale and purchase of Residential Real Estate / Servicing the Gloucester, Camden & Burlington Co. areas.
What this means is that the home you're interested in is being sold in it's "as-is" condition and that when you place an offer and it's accepted. The contracts will include an addendum that you must sign indicating that you're aware that the home is sold as-is and that you are still willing to move forward with the contract and purchase process. This could be an addendum with a private seller or bank-owned property. I most often see an additional addendum when the property is bank-owned. Usually private sellers will most often just have their listing agent include it in the body of the original contract. All this said, there are still ways that you can protect yourself.
1. Have a full inspection (but ask if they will allow you to inspect during the 3-day atty review period. (you can back out of the contract for any reason during this time as long as your attorney writes a letter to cancel it and notifies all parties.)
2. Have your buyer's agent negotiate a lower price going in - accounting for any potential issues, and
3. Take a savvy relative or friend who is a contractor or who has some knowledge of construction, building codes, termite or structural issues, etc. and try to determine as much about the condition of the property before placing the offer.
Remember, once you sign an as-is contract, you're in ti til the end -your only other contingency allowed might be that of the mortgage contingency -- so tread lightly and do your homework up front.
I am a licensed, full-service Broker serving the area that you're written in about, so feel free to visit my website, http://www.NJHomesNearPhilly.com and set up a search to help you narrow your many, many choices in this favorably Buyer's market.
Make it a great day!
You are buying " as- is". Don't let this scare you away. It may be a great house, but the seller has no money for even minor repairs. A good home inspector can tell you what you need to know about a property.
Call me if you need a referral. 856-848-6600
Maryann Lawler, REALTOR
The Lawler Group
Keller Williams Realty of Greater Manatee