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 for a credit when you're making a cash offer on an REO property in Tracy CA.
Real Estate is always changing.
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