Short sales are a niche that not every agent chooses and we appreciate that. We give each agent and prospective short sale buyer written materials about what to expect with the purchase of a short sale. "As is" means exactly that....not as you wish it to be...it is truly "What you see is what you get." That may well mean that not every kind of financing will work for every short sale. An FHA loan may have to be a 203K loan to account for some deferred maintenance....the replacement or repair of things that the homeowner cannot afford to address.
If there are issues that the homeowner knows about...or that we can readily identify as we list the house, they are reported on the state mandated real estate condition report. We let interested parties know that for this or that reason, some kinds of financing won't work and make other suggestions for alternative financing.
Roof replacement due to faulty shingles can come at any time in the life of a home.....and this was the case on a relatively "young" home. Curling shingles were obvious and a tearoff needed. We recommend tearing off any shingles but there is no choice with curling evident everywhere.
Making a long story shorter...the selling agent who claimed to have done "dozens of short sales" told the Buyers that the bank would pay for a new roof. Nice thought...not reality.
The happily ever after comes when we gave the agent a lender who would finance the house...the Buyers were able to live their dream in owning an otherwise lovely home....and the Sellers were saved from foreclosure...it doesn't get better than that.
There is never any harm in "not knowing" the harm is in not knowing what you don't know.
If you or anyone else you know is looking for realtors who DO know and will research what you need to know...Call the Hansons in southeastern Wisconsin for your happily ever after in all things real estate.