Home-Buying Hassles: 4 Questions That Will Make You Reconsider an As-Is Sale
Buying a home can be intimidating, especially given all the mortgage choices and conditions. Which leads us to the topic of as-is properties. Are they a good deal? What should you look for? And how can you negotiate with a seller? Here are four questions that may have you reconsidering a potential purchase. What Should the Seller Cover? When it comes to purchasing a home that needs work, you are often at the seller’s mercy as to what they will agree to cover. Mortgage lenders usually specify health and safety remedies as non-negotiables. But an as-is sale can indicate the seller’s reluctance to invest any cash into the house. In estate or probate sales or situations nearing foreclosure, the current homeowner may not have the money to perform repairs. Of…