I purchased my as is home from a bank in 2010. It was after the crash in AZ. I wasn’t aware that they would fix things being that it said as is. So I didn’t bother with an inspection. Big mistake. Not long after move I’m we realized the foundation was bad. It cost us over $50,000 to repair. Always do an inspection!!!
Oh Wow! Thank you for sharing with us Chantel. You're so right. A solid home inspection for most homes is less than $600. Are ya'll still in the home you bout in 2010? If so, I hope everything is going your way now?
Hi smartcoker, Thank you for watching and for sharing with us! LOL! That's hilarious! All the same, glad this video nailed it for you! =) What would you like to see next? Thanks again for watching! Enjoy a terrific day! Thanks, Andrew Finney www.andrewfinneyteam.com/
Real estate agents can’t see beyond The fact it’s not falling apart. Not sure why… Especially if first time home owners are struggling to find a place why not buy something as-is, it just might need a couple of little fixes.
For an "As is" property, can I walk away (without losing money and not violating the contract) if a home inspection reveals repairs that are costly to fix and I don't to fix them?
I came across houses that cosmetically look perfect, but being sold as is, and loan is also accepted, so it’s not a cash-only sale. Is this a 100% red flag that there is a structural damage?
Great question Koriana! No, a seller selling a house "as-is" is not an automatic red flag. That said, when a home is "cosmetically perfect" it does beg the question about the previous condition of the property and further validates the need for a robust home inspection. Even if the seller won't agree to repairs, if you have a strong home inspection performed and it comes back with findings you are not comfortable with, then you can cancel within your buyer due diligence clause. Be sure to review your options with your Realtor. Sending you positive vibes everything is going your way!
GREAT video and thanks for sharing! Regarding your 7th point, I have known many realtors over the years and did business with a few of them and most of my experiences were NOT good at all. I was young in my 20's and hired a part-time realtor who also was clergy at a church and I should NEVER had done business with him since he was NOT full-time, was intimidating and told me that he had shown me enough properties and it was like I better find a place quickly or else I would have to get another realtor and I should have. The town house I soon bought was in a high-crime area and I stayed there only 2 years before selling it and buying a home with a different realtor who was not much better. Anyhow, long story short, the last realtor I had was the BEST I have ever had! Now, I am in another state with a "as-is" home I bought from a relative and I really regret that. Not sure what I will do now and if I will make the needed repairs or sell "as-is" and lose lots of money on this house compared to what I paid for it.
Selling AS-IS because retired and on a fixed income, downsizing and not able to afford any costly cosmetic modifications like new cabinets, new flooring, etc. Major foundation, structural, plumbing or electrical repairs is a different story.
Hey Missy! You're not along. I've met with sellers in a similar situation. Sending you positive vibes everything is going your way! On a side note, if you're curious about what's happening in the current real estate market, here's a link to my newest video: ua-cam.com/video/reaGPfUQJ5I/v-deo.html
Glad it helped M. Iro! Yay! What would you like to watch next? 3 Easy ways to help our tribe grow: 1. Subscribe and tap the bell icon for all notifications - then enjoy watching the videos 2. Like and comment on videos 3. Share your favorite videos on your social media
Cn you please make a video on as is sale . House being a one story but in reality having two stories. Should you just run away or still consider buying it?
"As-Is" should be written on the contract by the seller and then the buyer sees that so there are NO surprises like what you are saying. If you do not have an agent and the buyer does not either, then hopefully, you got the home inspected to see if there are any problems with the home. The seller also legally has to honestly answer the disclosure form questions. After all this, you can then decide if you want the home or not. Since this happened a year ago, I hope all went well with the closing and that you are a happy homeowner.
I purchased my as is home from a bank in 2010. It was after the crash in AZ. I wasn’t aware that they would fix things being that it said as is. So I didn’t bother with an inspection. Big mistake. Not long after move I’m we realized the foundation was bad. It cost us over $50,000 to repair. Always do an inspection!!!
Oh Wow! Thank you for sharing with us Chantel. You're so right. A solid home inspection for most homes is less than $600. Are ya'll still in the home you bout in 2010? If so, I hope everything is going your way now?
Thank You Dwight Schrute! Great video.
Hi smartcoker,
Thank you for watching and for sharing with us!
LOL! That's hilarious! All the same, glad this video nailed it for you! =)
What would you like to see next?
Thanks again for watching!
Enjoy a terrific day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
@@AndrewFinney OMG, thats it, this guy is Dwight Schrute! Great video btw, facing this issue soon.
Haha I agree with the Dwight vibe! Great video and I love how packed the video is. Not a time waster at all
That as is- doesn’t mean it’s falling apart
Real estate agents can’t see beyond The fact it’s not falling apart. Not sure why… Especially if first time home owners are struggling to find a place why not buy something as-is, it just might need a couple of little fixes.
For an "As is" property, can I walk away (without losing money and not violating the contract) if a home inspection reveals repairs that are costly to fix and I don't to fix them?
Had to buy my current home as-is because it was sold to settle an estate.
I’m selling my house as is because I’m disabled and I can’t do any of the repairs it’s under contract I hope it goes through
Great video! Thank you so much!
I came across houses that cosmetically look perfect, but being sold as is, and loan is also accepted, so it’s not a cash-only sale. Is this a 100% red flag that there is a structural damage?
Great question Koriana!
No, a seller selling a house "as-is" is not an automatic red flag. That said, when a home is "cosmetically perfect" it does beg the question about the previous condition of the property and further validates the need for a robust home inspection.
Even if the seller won't agree to repairs, if you have a strong home inspection performed and it comes back with findings you are not comfortable with, then you can cancel within your buyer due diligence clause.
Be sure to review your options with your Realtor.
Sending you positive vibes everything is going your way!
“They know something is wrong with the home” - excellent!
GREAT video and thanks for sharing!
Regarding your 7th point, I have known many realtors over the years and did business with a few of them and most of my experiences were NOT good at all. I was young in my 20's and hired a part-time realtor who also was clergy at a church and I should NEVER had done business with him since he was NOT full-time, was intimidating and told me that he had shown me enough properties and it was like I better find a place quickly or else I would have to get another realtor and I should have. The town house I soon bought was in a high-crime area and I stayed there only 2 years before selling it and buying a home with a different realtor who was not much better. Anyhow, long story short, the last realtor I had was the BEST I have ever had! Now, I am in another state with a "as-is" home I bought from a relative and I really regret that. Not sure what I will do now and if I will make the needed repairs or sell "as-is" and lose lots of money on this house compared to what I paid for it.
Selling AS-IS because retired and on a fixed income, downsizing and not able to afford any costly cosmetic modifications like new cabinets, new flooring, etc. Major foundation, structural, plumbing or electrical repairs is a different story.
Hey Missy!
You're not along. I've met with sellers in a similar situation.
Sending you positive vibes everything is going your way!
On a side note, if you're curious about what's happening in the current real estate market, here's a link to my newest video: ua-cam.com/video/reaGPfUQJ5I/v-deo.html
Thank you so much for this video! It just helped me!
Glad it helped M. Iro! Yay!
What would you like to watch next?
3 Easy ways to help our tribe grow:
1. Subscribe and tap the bell icon for all notifications - then enjoy watching the videos
2. Like and comment on videos
3. Share your favorite videos on your social media
What if im currently living in the home and wanna buy because the landlord doesn't make repairs? I offered 30k as-is
Cn you please make a video on as is sale . House being a one story but in reality having two stories. Should you just run away or still consider buying it?
Did not know house was as is. I don't have agent. Was not told when signed offer. Closing is soon.
"As-Is" should be written on the contract by the seller and then the buyer sees that so there are NO surprises like what you are saying. If you do not have an agent and the buyer does not either, then hopefully, you got the home inspected to see if there are any problems with the home. The seller also legally has to honestly answer the disclosure form questions. After all this, you can then decide if you want the home or not. Since this happened a year ago, I hope all went well with the closing and that you are a happy homeowner.
What happened?
slow down. you talk too fast.
Listen faster or use the gear icon to slow down the video.
Or you just don’t have the money to fix it up .In my case.
Thanks!
I need your help so bad-