Getting repair costs after short sale approval

[sdsubie]

As a buyer, let’s say there are costly issues that come up in the home inspection. Assuming the home inspection takes place after short sale approval, what are the chances of getting the short sale bank to approve repair costs after they have already granted short sale approval?

[SD Transplant]

most short sales are “as is”……I would be surprised if you would get any credit towards any repairs (I’ve experienced the same thing when purchased my 1st house as a SS)

[SD Transplant]

most short sales are “as is”……I would be surprised if you would get any credit towards any repairs (I’ve experienced the same thing when purchased my 1st house as a SS)

[SD Transplant]

most short sales are “as is”……I would be surprised if you would get any credit towards any repairs (I’ve experienced the same thing when purchased my 1st house as a SS)

[SD Transplant]

most short sales are “as is”……I would be surprised if you would get any credit towards any repairs (I’ve experienced the same thing when purchased my 1st house as a SS)

[SD Transplant]

most short sales are “as is”……I would be surprised if you would get any credit towards any repairs (I’ve experienced the same thing when purchased my 1st house as a SS)

[xtina]

my limited ongoing experience tells me.. nil

so i’m interested in knowing what the experts here have to say also!

[xtina]

my limited ongoing experience tells me.. nil

so i’m interested in knowing what the experts here have to say also!

[xtina]

my limited ongoing experience tells me.. nil

so i’m interested in knowing what the experts here have to say also!

[xtina]

my limited ongoing experience tells me.. nil

so i’m interested in knowing what the experts here have to say also!

[xtina]

my limited ongoing experience tells me.. nil

so i’m interested in knowing what the experts here have to say also!

[urbanrealtor]

If it were my listing, you would not have gotten this far without doing an inspection (and removing inspection contingencies).
The seller and his agent likely did a lot of work for no reason if the property has significant damage or issues.
If you can document those issues (with an inspection report and multiple bids) there is some possibility that the short sale lien holder will allow a price reduction.
It is very unlikely that anyone will either fix it or give you a credit.
You should get the info from the inspection report and then contact appropriate contractors to bid before approaching them about cost reduction.

Sometimes if it is a minor repair (eg: carpet cleaning or painting) the agents will pay for it.

However, the nature of a short sale is that there really is no extra money anywhere.

[urbanrealtor]

If it were my listing, you would not have gotten this far without doing an inspection (and removing inspection contingencies).
The seller and his agent likely did a lot of work for no reason if the property has significant damage or issues.
If you can document those issues (with an inspection report and multiple bids) there is some possibility that the short sale lien holder will allow a price reduction.
It is very unlikely that anyone will either fix it or give you a credit.
You should get the info from the inspection report and then contact appropriate contractors to bid before approaching them about cost reduction.

Sometimes if it is a minor repair (eg: carpet cleaning or painting) the agents will pay for it.

However, the nature of a short sale is that there really is no extra money anywhere.

[urbanrealtor]

If it were my listing, you would not have gotten this far without doing an inspection (and removing inspection contingencies).
The seller and his agent likely did a lot of work for no reason if the property has significant damage or issues.
If you can document those issues (with an inspection report and multiple bids) there is some possibility that the short sale lien holder will allow a price reduction.
It is very unlikely that anyone will either fix it or give you a credit.
You should get the info from the inspection report and then contact appropriate contractors to bid before approaching them about cost reduction.

Sometimes if it is a minor repair (eg: carpet cleaning or painting) the agents will pay for it.

However, the nature of a short sale is that there really is no extra money anywhere.

[urbanrealtor]

If it were my listing, you would not have gotten this far without doing an inspection (and removing inspection contingencies).
The seller and his agent likely did a lot of work for no reason if the property has significant damage or issues.
If you can document those issues (with an inspection report and multiple bids) there is some possibility that the short sale lien holder will allow a price reduction.
It is very unlikely that anyone will either fix it or give you a credit.
You should get the info from the inspection report and then contact appropriate contractors to bid before approaching them about cost reduction.

Sometimes if it is a minor repair (eg: carpet cleaning or painting) the agents will pay for it.

However, the nature of a short sale is that there really is no extra money anywhere.

[Author]

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