All Posts Tagged With: "condition"
Are Broker Warranty Kickbacks Okay?
For some time there has been a nifty little side business in real estate: Your friendly broker offers a homeowner warranty program to reduce buyer worries about possible repairs. Such warranties may or may not be a good idea — you have to look at what’s included, what’s excluded, the up-front cost, the cost per [...]
6Jul2010 | Peter G. Miller | 1 comment | Continued
What’s An “As Is” Sale?
An “as is” property is sold without a warranty as to condition, repairs, or structure. With an “as is” sale, the buyer is on notice that the seller makes no promises regarding the property’s physical status. With an “as is” sale, it is extremely difficult to make a claim against a seller if something is [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
Does it make sense to buy foreclosures?
A given number of homes are foreclosed each year. Most homes are not actually sold at auction as the owner and lender work out a deal, the house is sold by the owner prior to the foreclosure action, or everything is on hold while the owner declares bankruptcy. Foreclosures are typically sold in “as-is” condition [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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