Reply to N Arlington 3BR/2BA SFH listed at $499k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I guess I would need to understand better what the "as is" condition is to say whether it seems like a good deal or not.  [/quote]

Sometimes it's put in there to scare off buyers who'll want a laundry list of things to fix. [/quote]

Exactly. When I sold my condo, I didn't put it in the listing, but I made it clear to my agent that it was "as is". I had bought the condo while the market was very hot (not the top but on the way up), had gutted the kitchen, knocked out some walls, refinished all the wood floors, replaced the patio doors and windows with commercial grade storm proof replacements, painted the whole house and updated the bathroom. Because of when I had to sell, I knew I was going to have to take a loss on the house.  Because I knew that I had done almost every expensive replacement/update in that condo, I was not going to engage with someone who didn't like the look of a light fixture or something, as the person was going to be getting a good deal. The buyer did try to ask for one thing, and I refused because I was not putting another penny into that house for something stupid. He bought it anyway at his original offer.

You often get good deals on estate sales, because the heirs usually just don't want to be burdened with the house and don't want to pay carrying costs on it. Most elderly people wouldn't have a mortgage on the house, so whatever the seller gets is going to be profit for the heirs. But they're also not going to get into discussions over changing out cottage cheese ceilings or fixing a squeaky door. [/quote]

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