subject: Things To Know Before Making An As-is Offer To A Coconut Grove Real Estate Property [print this page] In the current economic crunch, more and more sellers are skipping home staging. They rely on de-cluttering, cleaning and other cheaper alternatives to make the home presentable. While there is nothing wrong with curbing expenses during home sale, this usually undermines conditions not visible in the naked eye. There are, however, buyers willing to go past the staging and buy the property in its current condition. If you're planning to buy a Coconut Grove real estate property with an as-is offer, make sure you know exactly what you're doing.
As-Is Offer
If you see a Coconut Grove real estate property and want to purchase it in its current condition regardless of the needed repairs and other issues, you're basically making an as-is offer. Many sellers are more inclined to close the deal with buyers who are willing to overlook the repairs. Youll see that as-is offers are greatly advantageous for sellers who have been waiting to get the property off of their shoulder. Before making such an offer, its crucial to ask your agent first.
Common Criteria
Before you make an as-is offer to the property, the Coconut Grove real estate home must first pass some common criteria. These include:
Seller has already disclosed the necessary information regarding the property.
Seller has already staged inspection to determine pest or termite infestation, which could seriously damage the structural integrity of the property.
Seller has provided you with a copy of inspection results or provided the details of the inspection results along with the listing.
The property is fairly new and well-maintained.
While its quite difficult for all the mentioned standards to be met, its still helpful to at least consider the first three. Nevertheless the decision rests in your hands. But before you do decide to pay for a property in its current state, consider the following:
Your willingness and financial capacity to pay for repairs (seen and unforeseen) later.
Your willingness to deal with the extent of damage on the property after the deal is done.
What you need to do
Before making the offer, the foremost task you must take care of is inspection. Contract your own inspector to assess the Coconut Grove real estate property and obtain the report estimates as early as possible. This will save you from renegotiations, which can sometimes make buyers lose credibility to other Realtors and agents. The bottom line is: make sure you know the actual condition of the property before making the offer.
