Yes, we know, it's a buyers market. They can do whatever they like... if they're not picky. But what if they've found their dream-house? How can they still take advantage of the market and avoid having their low-ball offer rejected? One thing the buyer can do to get a good sale price is offer to take the house in AS-IS condition, while retaining the right to back out of the deal based on all the normal contingencies within the specified time-lines. If something big comes up in the inspection like a broken sewer line, or a lender required repair, the buyer can go back to the seller and say... "We know we weren't going to ask for repairs... but this is a major fault, either you repair it or we're out". This strategy lets the seller feel good about taking a lower offer with the promise of not being nit-picked with small repairs, while keeping the buyer safe and getting a good price. Everyone's a winner... Happy Selling!
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