Question by Radman: What should I know about buying a “short sale” house?
I understand there is no warranty and the buyer has to pay all the closing costs. Can I offer lower than the short sale listing price?
Best answer:
Answer by patrick
You can always offer less than asking. in addition, if you are using a real estate agent, you need to make sure the commission costs are included in the purchase price.
Be prepared for a long process. Bank owned property sales move at a snail’s pace. Often, the bank cant find the deed, because the mortgage has been sold so many times, so it would be prudent to ask if the bank has possession of the deed early in the process.
Add your own answer in the comments!
Question by Sandi Beach: To sell home “as is” what are the things I should do ?
To sell my home “as is” what should I do? Do I contact a realtor or just try to sell it myself. I have no clue, It’s not really in bad shape just needs minor repairs but is old (about 80yrs brick). I don’t want to get taken to the cleaners.
Best answer:
Answer by ogrendle
Interview several agents and see what they say. Go with the one you are most comfortable with. 80 yrs old is not old for a house.
I’ve sold some over 200 yrs.
What do you think? Answer below!
It needs of a lot of work. But in a great neighborhood. The current owner just didn’t take care of. Come to find out I actually know the current owner as we ran into one another when going to view the home. I found out through looking at public records that the house was in the Lis Pendens stage of forclosure in Febuary but as of the end of March I guess it was dimissed so he still owns the home. And he is getting divorced so the home is priced to sell fast. But its needs a new roof,gutters, carpet,pressure washing,paint plus the bathrooms and kitchen needs some updating. And thats just what we saw viewing the home. Who knows what an inspector would find. I found out how much he orginally paid for home which was 115,000, then saw he refi at 129,000 last year. The home is listed at 179,900. Whats a good starting offer point? Or am I am being to pressumptious thinking we can get a decent deal on the home? Any advice appriciated.
