Buyer is thrilled to discover a listing with an open floor plan, 3 bathrooms (you should see the soaker tub in the master), large covered patio, and an acre lot for her family to enjoy. "Wait a minute...As-Is Condition?" "But the description and photos look similar to other homes we've looked at in the price range. Why is this home listed in as-is condition?"
You know the next question that follows...What is wrong with it?
When I inquire about similar "as-is condition" listings, the agents have stated the seller will not be able to do many (if any) repairs. That doesn't sound all that bad, right? How many sellers would prefer to do little or no repairs before closing?
Unfortunately, the described condition raises suspicion.
It is completely understandable to disclose the seller's intent regarding repairs. However, an "as-is condition" category will likely send a "buyer beware" message even if the property disclosure reflects little or no defects.
How many buyers will look elsewhere before considering
the misunderstood listing?
Repairs are negotiable - First impressions (usually) are not.
by: Alesha Wilson, M.Ed, Broker/Owner