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Lesson #??? No Harm is Asking!

You have an offer that is CASH AS IS for REO Property in Tracy, CA.....

Buyer chooses to do inspections. Inspections are completed.......

Handyman says $8000 in repairs necessary, this includes CLEANING the gutters.....

Your buyer wants $6000 credit for repairs..... Ms Realtor, would you please submit my buyers Request for Repairs to your seller, yes I KNOW it is a bank, yes I KNOW it stated AS IS, however I want you to ask the Asset Manager anyway.

Surprise, surprise -- Asset Manager says "YES, to $6,000 credit, reduction from purchase price."

WHY? Net is still more than bank appraisal, a cash buyer is still better than starting all over again.

Hmmm..... point proven There is No Harm in Asking

Posted Friday Oct 16