Tesa Noonan

Well, it's sounds like your not asking for the moon, however, most foreclosure sales are considered "AS - IS" sales, (at least here in AZ) which means, the Seller is willing to pay for NONE of the repairs. NONE. It could be different in your area, but here, while representing a Buyer on a foreclosed property I would not ask the seller to pay for any fixes or perhaps not the home warranty. A home warranty is ALWAYS a good idea, and I surely recommend you have one in place, just wouldn't ask the Seller to pay for it. They probably don't want to mess around with hiring someone to install smoke detectors either, they just want to sell the property as is and get rid of it. They are likely taking less than they are owed already and don't want to put any more dollars into it. I have gotten them to contribute up to 4-6% for Buyers closing costs, but have yet to get them to make ANY repairs or updates. Just a thought, hope it helps. Also, please keep in mind that each area is different and only your REALTOR knows for sure what is the "norm" for your particular area.
Good luck! - Wed Oct 29 2008, 08:24