Anonymous
11/22/2013 20:55
Subject: "sold as is"
I sold a house as-is recently because I was only making a few thousand on the transaction and didn't want to put any more money into the place if an inspection turned up something serious. The buyer did have an inspection contingency in their contract, did get an inspection, and thus knew what (if anything) would require repair. Nothing major came to light and they bought the place.
Anonymous
11/22/2013 20:27
Subject: "sold as is"
Anonymous wrote:Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?
Sure. They may grant it, but they won't knock the price down for anything you find.
You don't have to waive inspection. It gives you an out if what you find is too much to handle. In our case, we bought an estate sale, listed "as is" mainly because the seller didn't know every detail of the house's condition. We got a great house that way.
Anonymous
11/22/2013 20:10
Subject: "sold as is"
We bought as is with a home inspection contingency. It just meant we couldn't negotiate for repairs, but we could have decided not to continue with the sale based on the results of the inspection. It was an estate sale.
Anonymous
11/22/2013 19:58
Subject: "sold as is"
Anonymous wrote:I am an agent and this was not explained correctly at all.
+1. Also an agent. No idea what kind of advice this is, but definitely not how I would advise my client.
Anonymous
11/22/2013 19:24
Subject: Re:"sold as is"
We bought an as-is house, with an inspection contingency, which found a few issues, namely radon and an underground fuel storage tank and negotiated some cash to fix them. This was a year ago though.
Anonymous
11/22/2013 18:09
Subject: "sold as is"
We got an information-only inspection contingency. We had seven days to do the inspection, and decide if we were going to continue with the sale. The inspection turned up some issues that made us want to walk, and when we told the seller, she came down on price to offset the cost of repair/replacement.
Anonymous
11/22/2013 17:45
Subject: "sold as is"
Anonymous wrote:I am an agent and this was not explained correctly at all.
right. the word "contingency" there is the show-stopper. a "as-is" seller won't entertain a contract with a home inspection CONTINGENCY that has to be lifted.
they would probably allow you to conduct an informational inspection.
as-is can mean anything from "falling down" to "most systems need to be replaced" to "formica counters in the kitchen and pink tile in the loo." Or some combination thereof.
p.s. i'm not an agent.
Anonymous
11/22/2013 17:42
Subject: "sold as is"
I am an agent and this was not explained correctly at all.
Anonymous
11/22/2013 16:38
Subject: "sold as is"
Anonymous wrote:These are reasons why people need agents...your agent can explain all of this to you.
not really, this was explained just now. no agent needed.
Anonymous
11/22/2013 16:36
Subject: "sold as is"
These are reasons why people need agents...your agent can explain all of this to you.
Anonymous
11/22/2013 16:17
Subject: "sold as is"
Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?
Sure. They may grant it, but they won't knock the price down for anything you find.
Anonymous
11/22/2013 16:10
Subject: "sold as is"
Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?
Usually, yes. Just means that it is for your info only. They are not fixing anything.
Anonymous
11/22/2013 16:10
Subject: "sold as is"
Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?
You can ask, but they will not give it to you.
Anonymous
11/22/2013 16:08
Subject: "sold as is"
seriously? sold as is means it is faling down and it is a tear down
Anonymous
11/22/2013 16:07
Subject: "sold as is"
If a house is listed as "sold as is", is it possible to have a home inspection contingency?