Keep in mind that the physical inspection is not so that the buyer can have a laundry list of items that they want repaired. It is a way for the buyer to discover the overall condition of the property. I advise my buyers that they should expect to have a property that is in good working condition, especially if they are paying full asking price. If they are paying below the asking price, then often the property will be sold “as is” and not many, if any, repairs will be made.
Thursday, February 26, 2009
The other reason for this walk
Keep in mind that the physical inspection is not so that the buyer can have a laundry list of items that they want repaired. It is a way for the buyer to discover the overall condition of the property. I advise my buyers that they should expect to have a property that is in good working condition, especially if they are paying full asking price. If they are paying below the asking price, then often the property will be sold “as is” and not many, if any, repairs will be made.
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