Asked by Rita Fong, Marion, AR • Fri Dec 12, 2008
I am representing my buyer who is an investor, buying a VA foreclosure property. All the utilities were already turned off, it is selling 'AS-IS'. He wants to know what is working or not, and the listing agent does not have any disclosure about the property. I explained to him that he still has the rights to do inspection on the property, and I wrote the contract accepted upon satisfactory inspection report, but he wants the bank to pay for the inspection, so I put that down. He asked for 1 yr termite contract, 1 yr home warranty, I explained to him he can ask for whatever he wants, but reality is the bank is not going to do it. But he is my client, he thinks it is not going to hurt to ask, I agreed, and I did write it as the way he wanted. Of course, they counter on the price and will not do all the other things my client asked for. He is still standing firm on his own terms, he won't even counter the price with the bank. Any agent has similar experience and made it worked?
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