I remember when the real estate market was a sellers market and the buyers were competing to get the seller to accept their bid over another buyers. OK I am dating my years in the real estate business. Well times have changed and it is now a buyers real estate market and has been for a few years now.
Sellers used to sell their properties as is and that was it in most cases. Take it or leave it œas is. Now properties that are being sold and marketed œas is are sold that way in many cases. But if the buyer does a home inspection (which I always recommend even if it is a foreclosure or bank owned property) and they find something major that was not apparent or visible, we are going back to the seller (even if it is a bank) to see if they will do anything. Many times the seller caves in just to put the deal together. They either repair it, give a credit at closing or we renegotiate the sales price of the property.
Some examples of items we have found are higher than safe levels of Radon on the property, Excessive mold in the attic or crawlspace, structural issues and more.
If you are working with an agent and they are not discussing these options with you, talk to them about the options I mentioned and you may be pleasantly surprised.
Posted By: Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty
CDPE Certified for Short Sales and REO
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