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Crossed out my right to do certain home inspections and sale being contingent on that. Lights out.
I'm not looking to just throw out $600 on inspections of every house out there, may be they're looking for someone to do free inspections for them? (buyer is required to provide inspections to seller if they're walking out, in that jurisdiction)
I would not deal with anything as-is, just not interested. They can sell it with big discount from market as -is, to some investor, good luck. As-is is a very bad language one shouldn't use unless it's a total fixer, that's my opinion. I'm not a sucker to pay for inspections of anything they want to sell as-is out there. The offer pricing is based on move-in condition house without major issues. If the house had been sitting for 2 years in this market, it's either something is seriously wrong with it or sellers just do the same game with every potential buyer making them run.
I'm not an agent, I've bought and sold homes before. It's very shady that the house was not originally listed for sale "as is" but that's what they want to do now that they have you interested.
The fact that they crossed out home inspections would really do it for me that it was time to move on. Being late with signing is another. Find another interested buyer to play games with. Then walk.
Quote:
Originally Posted by worldcitizen10
I thought about it and decided I'd give it another chance - but just one more. I hope Listing agent can explain the importance of some things to the seller, and I requested exactly that. It's a rural area and some things aren't done exactly like in more populated locations, can't expect them to move at the same speed, for example.
I think it really helps to meet the seller in person when viewing the home, for things to be less formal and more human, so to speak, and build some trust.
Hopefully it will go ok. I'd be done with them. Let us know how it works out
Walk away. Dealings with these people will give you nothing but headaches. They don’t sound honest.
Yes!
I already came to regret I'd wasted my time on giving them another chance... they just made me meet the mother of all red flags.
Let's just say I was lied to when I asked if there're CC&R/restrictions regarding specific matters (before I even viewed that house, as I wasn't considering ones with CC&R) and told there were none....I pulled restrictive covenants (restricting exactly the stuff I was concerned about) today after discovering wrong deed book number in the contract and digging in clerk's records online to find the correct one. Apparently "seller didn't know" there were CC&R and told their listing agent there were none, and listing agent told that to my buyer's agent, who told me there're none. Not sure how they "thought" there were none while they signed a deed full of restrictive covenants written directly into it.
Next thing, seeing that crap, I'm digging more and finding huge pipeline easement recorded as permanent right of way...that was not disclosed upfront - not some standard utility easement but large transmission pipeline easement, which seller recently agreed to enhance to become larger and unrestrictive to the point they can now pipe anything there that can be piped, basically, without seeking further permissions, put additional pipelines (3 being in already) and build anything else to support the pipeline, and all of that right by the house. I'm sure they also "didn't know" they'd signed the right of way.
Last edited by worldcitizen10; 03-04-2020 at 01:17 AM..
I already came to regret I'd wasted my time on giving them another chance... they just made me meet the mother of all red flags.
Let's just say I was lied to when I asked if there're CC&R/restrictions regarding specific matters (before I even viewed that house, as I wasn't considering ones with CC&R) and told there were none....I pulled restrictive covenants (restricting exactly the stuff I was concerned about) today after discovering wrong deed book number in the contract and digging in clerk's records online to find the correct one. Apparently "seller didn't know" there were CC&R and told their listing agent there were none, and listing agent told that to my buyer's agent, who told me there're none. Not sure how they "thought" there were none while they signed a deed full of restrictive covenants written directly into it.
Next thing, seeing that crap, I'm digging more and finding huge pipeline easement recorded as permanent right of way...that was not disclosed upfront - not some standard utility easement but large transmission pipeline easement, which seller recently agreed to enhance to become larger and unrestrictive to the point they can now pipe anything there that can be piped, basically, without seeking further permissions, put additional pipelines (3 being in already) and build anything else to support the pipeline, and all of that right by the house. I'm sure they also "didn't know" they'd signed the right of way.
"Negativity" itself is a negotiation tactic, as the seller generally treats you like an idiot enemy coming to steal their house - at least until the deal is done.
Why the missed deadline and crossed-out discrepancies? Are you two not using agents?
Yup. Seen it the opposite way as well with buyers coming in pointing out all that has to be done.
And yes many as-is sellers in particular treat a potential buyer as a vulture. Tells me they want to much. Some treat their asking price as gold, if you don't meet it you're a thief taking away from their pile. Not many would purposely over pay. Some can't handle an actual comment, not ploy. Sometimes there are blatantly obvious things that should be acknowledged-doesn't even have to become a contingency.
I'd have a real estate lawyer look over any documents if you are close to closing.
There are lots of houses for sale. Just. Move. On.
Actually, not a lot of this property type on the market, extremely low inventory. Weird situation in that rural area with low inventory and few buyers', also. Decent home, decently priced, without deceptive seller and listing agent sells in several months, though....sitting for 2 years is a huge red flag in itself.
But I had left that deal yesterday, already.
In large transactions it is very important to understand and limit your downside risk. It is foolish to believe that the only thing that matters is what is 'on paper'.
So I won't do a deal with someone I don’t trust!
As Warren Buffet has said:
“You cannot make a good deal with a bad person.”
— Interview with CNBC, 2019
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