As-is homes can become sticky situations. And, as Realtors, we try to avoid working with as-is homes because they are notorious for major problems – not to mention liability. Fortunately, we can say that we’ve never encountered such problems simply because we avoid the situations altogether. But, all Realtors have heard horror stories about an agent who either found himself in a legal suit over the property (which is the worst I’ve heard), or an agent who had such a difficult time working with the seller that he and his client had to back out of the contract.
Some of the most common clauses added to a contract are escalation, home of choice and rent back agreements. You want to make sure that these are included. For example, if you are escalating your price, you need to put what your top price is. Don’t just say that you will best any other offer by $2,500 without writing down the cap on your offer. Never assume anything.
Pick a color scheme from an existing item in your room. Whether it’s the upholstery fabric, the drapes, or a rug, look at the colors that you already have, and then base your color scheme around that. For example, if you have a rug featuring green, red and yellow shades, choose a dominant color out of the three that should be used in 60% of the room. The other two shades should be secondary and used as accent colors.
This process is usually conducted before a potential buyer makes a purchase offer. You of course don’t want to buy a home that has a faulty foundation. Generally, sellers are not usually requires to make some necessary repairs or renovation if the problems are discovered during a home inspection syracuse. But if the buyer demands for a repair to the seller, aside from the initial deal, the seller often agrees to make some adjustments or repair.
When you are trying to improve your bathroom, avoid trying to replace the tile. You can replace your cabinets, fixtures, vanity, and faucet to give your bathroom a new look. If you do not like the look of your tile, consider just redoing the grout. Scrape out the old and add new.
Normally when a house is sold “as-is” there is no right for the buyer to cancel the contract, no matter what is found through the inspections. The seller does not even have to give the buyer access to have the inspections done.
You may have an awesome house that you are trying to sell but if there is not proper access to the house it could actually be unsafe to you or the person that you want to sell it to. You need to make sure there is proper access to the road and that an emergency vehicle would be able to enter easily if there ever was a medical or another type of emergency.
So, if you’re considering buying an as-is home, there are two things you should know. First, you should go into the situation expecting that the seller is probably not willing to negotiate on anything other than price (and closing date, of course). The best way to protect yourself in an as-is sale is to have an experienced buyers agent. Second, know that the home will probably need a lot of work done to it. The best way to know what needs to be done is to get a detailed home inspection.