All Short Sales Are Sold "As-Is"
What Does this Mean? "As-Is" means that no repairs will be fixed by the Seller. A lot of times with a Short Sale there is deferred maintenance on the property and Sellers may think they cannot sell because of the condition. This is not true. Buyer must take the property "as-is." Seller, Listing Agent, and Bank is NOT responsible for any repairs.
Furthermore, a Short Sale Bank WILL NOT give any repair credits. Just doesn't happen. As a Short Sale Expert, my best advise is to have the Buyer get a Home Inspection before the Short Sale Offer is submitted to the bank. This way if there are too many issues for them to proceed, Buyer can back out and no one is wasting time. "As-Is" is initialed on the Contract. All parties are aware.
Broker & Owner of
Holden Homes Realty
☎️ (707) 208-6897 (951) 355-7744 (Allows Text)
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FB: California Leading Short Sale Expert
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