- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Selling A House As Is
Posted on 3/9/26 at 3:25 pm to No Colors
Posted on 3/9/26 at 3:25 pm to No Colors
quote:
The way it used to be, things that came up on the inspection report would get negotiated at closing. Like take $10k off for this and $5k off for that, etc.
They aren't negotiating that kind of stuff at the closing table. The original purchase agreement has a specified window of time for the buyer's inspection period. That's the time frame that the buyer has to do their due diligence, have home inspections done, and bring up any issues they find with the seller. During that inspection window time frame, the buyer can usually walk away from the deal without penalty if there's inspection issues that the seller either won't fix or the 2 sides can't come to a mutual agreement on financial compensation to close as-is.
If the buyer waits until they get to the closing day to haggle over that kind of stuff, the seller can refuse and hold the buyer to the contract....meaning at minimum, the buyer is at risk of losing their deposit.
quote:Maybe if its a major issue that would have significant impact to the value of the home, such as foundation issues or hidden termite damage or rot. But most of the stuff that comes up on inspection reports that buyer and seller end up haggling over is minor stuff like an electrical outlet thats not working, a little bit of rust on some plumbing, various things around the house just showing normal wear and tear. Lender isn't going to hold up a closing because one electrical outlet on the patio isn't working or a bathroom outlet doesn't have a GFCI.
But now mortgage companies won't close unless all issues in the inspection report are addressed prior to closing.
0
Posted on 3/9/26 at 3:36 pm to tha real thang
Funny seeing this thread as I just went to my first inspection trying to buy a house. The house was listed 'As Is', but during the inspection, we found the HVAC unit was from 2014 and the blower from 2005. The temperature didn't drop in the house at all during the 2+ hours I was there. Besides that, there were some electrical issues (need to wait on the inspection report to see specifics). Also a vent going from the garage to inside the house (big no/no for carbon monoxide poisoning risk).
All that to say, I won't be able to get an insurance quote with an HVAC that didn't pass inspection and electrical issues found in the 4 point test. I have until tomorrow to send a list of the items to the seller's agent and confirm that they want to fix it, otherwise I can walk.
All that to say, I won't be able to get an insurance quote with an HVAC that didn't pass inspection and electrical issues found in the 4 point test. I have until tomorrow to send a list of the items to the seller's agent and confirm that they want to fix it, otherwise I can walk.
Posted on 3/9/26 at 3:39 pm to CuseTiger
quote:
Also a vent going from the garage to inside the house (big no/no for carbon monoxide poisoning risk).
What was the thinking behind this?
Posted on 3/9/26 at 3:43 pm to tha real thang
quote:
Any of you baws done this?
I did after the flood in 2016, it didn't come close to flooding and I got asking price.
Posted on 3/9/26 at 3:54 pm to Merica
quote:
Just put some new tires on it and list it
This is why I'm a forum member!
Posted on 3/9/26 at 3:54 pm to tha real thang
Nothing wrong with selling as is I bought mine that way along with my latest rentals. Last house I sold the buyers gutted the thing and remodeled to their liking. Think I almost cried at the thought of all those beautiful wood and brick floors that cost me north of $30k being ripped up
Posted on 3/9/26 at 3:56 pm to White Bear
Depends entirely on your local market and who’s likely to buy. Investment property it’s probably no big deal.
But if your target is someone looking to move, your buyer pool of people who have extra cash available for the repairs is likely small. Even knocking down the price won’t attract that group (most home buyers) as they can’t finance the cost for the remodel into their mortgage.
But if your target is someone looking to move, your buyer pool of people who have extra cash available for the repairs is likely small. Even knocking down the price won’t attract that group (most home buyers) as they can’t finance the cost for the remodel into their mortgage.
Posted on 3/9/26 at 3:58 pm to bayoudude
quote:
Last house I sold the buyers gutted the thing and remodeled to their liking. Think I almost cried at the thought of all those beautiful wood and brick floors that cost me north of $30k being ripped up
that's kind of the answer right there, it's a structural/mechanical it could hold up the sale or the loan but what may seem like art to you is hideous to the next person, rarely if ever get value out of cosmetics
Posted on 3/9/26 at 4:01 pm to tha real thang
Kitchens and bathrooms are all you get money back on. Everything else, you just drink a beer and laugh at that.
Posted on 3/9/26 at 4:03 pm to tha real thang
I’ll buy it from you.
No inspection or appraisal.
Cash and can close in 7 days.
If serious, post an email and I’ll be in touch with you. Can have an offer within about 24 hours.
No inspection or appraisal.
Cash and can close in 7 days.
If serious, post an email and I’ll be in touch with you. Can have an offer within about 24 hours.
Posted on 3/9/26 at 4:05 pm to blueboxer1119
quote:
If serious, post an email and I’ll be in touch with you. Can have an offer within about 24 hours
And the catch is you'll want it for way below market value
Posted on 3/9/26 at 4:06 pm to RolltidePA
quote:
What kind of state is it in? If the drywall and floors aren't done is a hard sell.
Homes aren't moving fast right now, and rates are historically okay right now, but high in comparison to the previous several years. expect an unfinished home to move to the end of the list of considerations and expect very low offers.
this... even close to turnkey homes are sitting for quite a while...
Posted on 3/9/26 at 4:19 pm to fr33manator
quote:
And the catch is you'll want it for way below market value
Market sets the number bro, not me.
If he wants to list and get “market value” the house will need a fresh coat of paint ($3/ft2 living for interior and $2/ft2 living for exterior).
3000ft2 house? Prob a 15k paint job. Not to mention other basic repairs.
He’ll also need pressure wash concrete, landscaping, updated appliances, updated countertops, etc.
If he doesn’t have that, he’s not getting “market value”. Too many new construction homes to compete with.
Additionally, any buyer will pick him to pieces on inspection. They’ll want a roof, AC, hot water heater, the whole 9. He’ll be out thousands more on inspection repairs.
Some buyers with FHA loans won’t even qualify if the home has deficiencies making it unsellable to a huge part of the market.
So he can avoid realtors fees (6%), renovation $ required to get market value, then inspections repairs by selling directly.
And it’s faster. Much faster.
This post was edited on 3/9/26 at 4:22 pm
Posted on 3/9/26 at 4:26 pm to tha real thang
The vast majority of residential properties are sold 'AS IS'.
Posted on 3/9/26 at 4:34 pm to tha real thang
Just kick the buyers a few grand for various repairs/improvements and call it a day.
Posted on 3/9/26 at 4:48 pm to tha real thang
Not uncommon at all. Some people don’t want to mess with fixing stuff. Do whatever you think is right for you.
Posted on 3/9/26 at 4:57 pm to Tridentds
quote:
Not uncommon at all. Some people don’t want to mess with fixing stuff. Do whatever you think is right for you.
This. Lady we bought from wasn’t doing shite and was very upfront about it, lol. I don’t blame her. It’s a decent house in a good neighborhood, so somebody was going to buy it no matter. Plan to do the same when we retire and relocate. Take it or leave it.
Posted on 3/9/26 at 5:06 pm to CuseTiger
Also a vent going from the garage to inside the house (big no/no for carbon monoxide poisoning risk).
--
Probably a vent from AC to garage, not the other way around.
--
Probably a vent from AC to garage, not the other way around.
Posted on 3/9/26 at 5:21 pm to SquatchDawg
quote:
What was the thinking behind this?
I don't know and I'm waiting on the official inspection report to document exactly what the issue is. There were lots of little things found but he noticed in the attic space this vent connection. I'll update once I get the official report later tonight
Posted on 3/9/26 at 5:29 pm to Joshjrn
quote:
"As is" will attract more investment attention than residential attention. Nothing wrong with that, and it can go faster, but only if you're willing to take a pretty significant haircut on what you (probably) think it's worth.
patently false - 99% of all residential sales have an "AS IS" clause in them
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News