Bank accepted offer – scarry addendum

[AK]

[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]

Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂

Not that I think there’s much of a difference … most sellers these days have no assets to sue over.

[disimilar1]

The contracts are what they are if you want the house. The price I am paying is not 30% off in this world. I just like the house. I am not paying wholesale for it because it got bid up. I was just hoping to get some opinions on what % I could ask the agent to kick in for repairs. I really appreciate any helpful comments.

[disimilar1]

The contracts are what they are if you want the house. The price I am paying is not 30% off in this world. I just like the house. I am not paying wholesale for it because it got bid up. I was just hoping to get some opinions on what % I could ask the agent to kick in for repairs. I really appreciate any helpful comments.

[disimilar1]

The contracts are what they are if you want the house. The price I am paying is not 30% off in this world. I just like the house. I am not paying wholesale for it because it got bid up. I was just hoping to get some opinions on what % I could ask the agent to kick in for repairs. I really appreciate any helpful comments.

[disimilar1]

The contracts are what they are if you want the house. The price I am paying is not 30% off in this world. I just like the house. I am not paying wholesale for it because it got bid up. I was just hoping to get some opinions on what % I could ask the agent to kick in for repairs. I really appreciate any helpful comments.

[disimilar1]

The contracts are what they are if you want the house. The price I am paying is not 30% off in this world. I just like the house. I am not paying wholesale for it because it got bid up. I was just hoping to get some opinions on what % I could ask the agent to kick in for repairs. I really appreciate any helpful comments.

[bsrsharma]

What do you think is your advantage (as measured in % discount from a similar non-REO transaction) to compensate for the risk in buying an “As Is” property with fewer contingencies? I think REOs are primarily profitable to those who pay cash and close with few (or no) contingencies. I think it is a transaction where the bank wants fast and certain payment for yielding on price. If they don’t yield well on price, it is no deal for a buyer.

[bsrsharma]

What do you think is your advantage (as measured in % discount from a similar non-REO transaction) to compensate for the risk in buying an “As Is” property with fewer contingencies? I think REOs are primarily profitable to those who pay cash and close with few (or no) contingencies. I think it is a transaction where the bank wants fast and certain payment for yielding on price. If they don’t yield well on price, it is no deal for a buyer.

[bsrsharma]

What do you think is your advantage (as measured in % discount from a similar non-REO transaction) to compensate for the risk in buying an “As Is” property with fewer contingencies? I think REOs are primarily profitable to those who pay cash and close with few (or no) contingencies. I think it is a transaction where the bank wants fast and certain payment for yielding on price. If they don’t yield well on price, it is no deal for a buyer.

[bsrsharma]

What do you think is your advantage (as measured in % discount from a similar non-REO transaction) to compensate for the risk in buying an “As Is” property with fewer contingencies? I think REOs are primarily profitable to those who pay cash and close with few (or no) contingencies. I think it is a transaction where the bank wants fast and certain payment for yielding on price. If they don’t yield well on price, it is no deal for a buyer.

[bsrsharma]

What do you think is your advantage (as measured in % discount from a similar non-REO transaction) to compensate for the risk in buying an “As Is” property with fewer contingencies? I think REOs are primarily profitable to those who pay cash and close with few (or no) contingencies. I think it is a transaction where the bank wants fast and certain payment for yielding on price. If they don’t yield well on price, it is no deal for a buyer.

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