"Sold As Is"
I have a deal falling apart right now because of that four letter word "Sold As Is" I represent the Buyer and the Seller is a bank. An REO of course; what else in Colorado. Anyway buyer is getting down payment asistance from organization requiring strict inspection guide lines. Bank offered help with closing costs and bonus and would rather loose the deal than fix a broken window and a small plumbing issue. Our offer was above asking price and we did not ask for the concessions. Great net for the bank. The home is in an area suffering tons of foreclosures and a decrease in property values my at least 75,000.00 in the last 2 years. In this market with tons of inventory and few qualified buyers Should each deal not get a little human touch? I remember when HUD provided a buyer with a new refrig. All we are asking for is a window and a little water to keep an almost done deal alive... what is a buyer to do?