"As Is" NOT as it was....

[HomeGuru]

If this is a short sale, that means the current owner can't even afford to pay the mortgage, so how could he have any money for these expensive repairs that are needed? And he's already losing money on the sale.

**A: true, but that was not the basis for the post.

 

[Taraboh]

update to "As is, Not as it was"

Hi Home Guru:

I followed your advice, called my realtor and asked her to get current on as-is transactions, statutory case law, etc. She wasn't too thrilled when I told her that. She told me she knew the laws she was competent and her job working for me was far from over. She claimed if and when I decided to go forward she would've worked out something creative in getting me this house. Even negotiating a lower price. (Eventhough that's not what she told me when I asked her about them coming down on the price). So to make a long story short, I went out to look at the fire damage yesterday, it wasn't as bad as I thought, but I'm still not paying to get it fixed. The seller's realtor is going to check and see if the homeowners insurance has been paid up to date on the house. If so they'll get the insurance to pay for the fire damage. If not he agrees a lower price can be negotiated and If I don't like what they're offering, I'm walking.

Thanks again for your advice.

 

[HomeGuru]

Hi Home Guru:

I followed your advice, called my realtor and asked her to get current on as-is transactions, statutory case law, etc. She wasn't too thrilled when I told her that. She told me she knew the laws she was competent and her job working for me was far from over. She claimed if and when I decided to go forward she would've worked out something creative in getting me this house. Even negotiating a lower price. (Eventhough that's not what she told me when I asked her about them coming down on the price). So to make a long story short, I went out to look at the fire damage yesterday, it wasn't as bad as I thought, but I'm still not paying to get it fixed. The seller's realtor is going to check and see if the homeowners insurance has been paid up to date on the house. If so they'll get the insurance to pay for the fire damage. If not he agrees a lower price can be negotiated and If I don't like what they're offering, I'm walking.

Thanks again for your advice.

**A: Ok, good luck.