Inspections Tame Coral Springs As-Is Listing Spectacles
In a Coral Springs listing the bold and unapologetic term “as is” asks for the buyer’s immediate attention.
While perhaps unintentional it leaves a marked and vivid impression setting it apart from other listings. Contractors and house flippers imaginations run rampant. However, the majority of buyers move on quickly sensing certain trouble ahead.
Many things come to mind when considering an “as is” listing including possible legal issues. But first and foremost the buyer infers that the seller will not be making any improvements to the property no matter how badly needed. The new owner will be fully responsible for all repairs. Since the buyer will be strapped with the cost of those repairs a reduced asking price is usually offered.
As Is Equals Motivated Seller
It is sometimes what is implicit in the term “as is” that gives prospective buyers pause rather than the reality. The buyer is convinced something extremely costly is amiss with the property. However, the term could simply mean the seller is incredibly motivated.
They may believe that coupling the phrase “as is” with a desirous asking price may move the property sooner.
However, the seller could also be aware of serious repairs, and not have the resources necessary to attack them. The buyers can make assumptions but the seller is required to state what he knows.
Is this a great deal he may be asking or is he in for a rude awakening?
With the “home inspection contingency” much of the uncertainty of the “as is “ listing quickly dissipates. The home inspection eliminates the drama often associated with this sort of listing.
It is a must for even the most confident and positive of buyers. For $300 to $500 a reputable Coral Springs inspector will detect any serious problems that may surface. The buyer is then able to see the full financial picture. Then it is possible to include in the offer (as is or otherwise) an exit if the financial impact proves to be too great.
Having a skilled expert like myself on your team will alleviate any feelings of uncertainty when buying or selling a home. It also can give you confidence that you are finding a genuine Coral Springs bargain. Whether you are buying or selling, as is or not, I am always here to help.
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