Asking for seller concessions on an "as is" sale with general inspection contingency

[Anonymous]

Who does this? How is it done? Who has success or failure stories?

[Anonymous]

Unless you are buying a distressed property, an "as is" sale means you are in a hot enough market that they do not need to offer you anything in the deal. Also, you cannot really mix as is with inspection contingency, unless the inspection is for informational purposes only.

[Anonymous]

We did it. Our house had an "as-is" sale, we offered our price and agreed to as-is but with the exception of a termite inspection and remediation.

We got that concession, found some minor termite damage, and had the seller agree to repair it.

Other crap..... forget it.

[Anonymous]

Anonymous wrote:We did it. Our house had an "as-is" sale, we offered our price and agreed to as-is but with the exception of a termite inspection and remediation.

We got that concession, found some minor termite damage, and had the seller agree to repair it.

Other crap..... forget it.

Termite inspection/remediation is required for lenders, so that does not really count.

[Anonymous]

We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

[Anonymous]

Anonymous wrote:We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

Look at the news today, housing is crashing. Go ahead and ask, it will be the sellers left holding the bag.

[Anonymous]

Anonymous wrote:We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

Smart way to circumvent the as-is clause, because if the sellers do not want you to walk away -- then they will go ahead and make the repairs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

Look at the news today, housing is crashing. Go ahead and ask, it will be the sellers left holding the bag.

I don't call rising 12.5% in the northeast "crashing." Also, that's NEW HOME SALES. You don't get very many "as-is" sales there, you know?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

Smart way to circumvent the as-is clause, because if the sellers do not want you to walk away -- then they will go ahead and make the repairs.

As-is sales are generally offers by elderly people who need to move into a continuing care place or the heirs of an estate. Chances are the sellers have priced the thing well enough that there are multiple offers, so if you withdraw your offer start making demands, they will just move along. You are not worth the hassle.

[Anonymous]

"as is" means they will move along to the next person if you demand anything in this market.

[Anonymous]

Agent here. As-is is not always an estate as outlined above. And the termite clause is separate from the as-is clause, so it would have had to have been separately eliminated in the PP's contract who bought with the house with the minor termite damage.

OP: read your contract. The general inspection clause, which is the paragraph generally used for as-is offerings, specifically says in bold capital letters that you have no right to negotiate. It doesn't always stop buyers from trying, but the sellers can refuse. Be prepared to either walk away, or keep in the contract and deal with the problem yourself.

[Anonymous]

I don't get why OP would think the seller should negotiate when she entered into an as is contract. OP, what on earth do you think as is means?

[Anonymous]

Anonymous wrote:I don't get why OP would think the seller should negotiate when she entered into an as is contract. OP, what on earth do you think as is means?

We bought a house last year that was listed as is. We did a home inspection for information purposes, but found some major electrical issues. We asked for a $2k concession and the seller agreed. It may not be by the book, but it's possible to still get some things. It probably won't hurt to ask IMO.

[Anonymous]

Anonymous wrote:
Termite inspection/remediation is required for lenders, so that does not really count.

That's not actually true.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We did an inspection contingency for informational purposed but included the right to walk if the repairs found were too expensive.

We would not ask for anything from the sellers.

Smart way to circumvent the as-is clause, because if the sellers do not want you to walk away -- then they will go ahead and make the repairs.

We asked for them to pay the radon remediation. We were reasonable, and they wanted to keep us as the bird in the hand (was 09, colder market). Worked for us.