Quick recap of my last post, we had an offer in on a short sale and waited for short sale approval before ordering a home inspection. The home inspection brought up some rather large repairs that needed to be done, that weren’t apparent from a walkthrough.
urbanrealtor had noted that if he was my agent, he wouldn’t have let me get to that stage in the process before getting a home inspection done.
My question is, if waiting for short sale approval is too late, when IS the time get the home inspected? Of course in an idea world, you would have every home inspected before you make an offer, but at 300-500 bucks an inspection, thats really not fiscally sound.
That’s what I thought, but general consensus is that the short sale lender will not make any repairs for issues that are found during the home inspection. Does one simply hedge this issue by lowering their bid to anticipate repairs, and lessen your chance of short sale approval in the first place?
That’s what I thought, but general consensus is that the short sale lender will not make any repairs for issues that are found during the home inspection. Does one simply hedge this issue by lowering their bid to anticipate repairs, and lessen your chance of short sale approval in the first place?
That’s what I thought, but general consensus is that the short sale lender will not make any repairs for issues that are found during the home inspection. Does one simply hedge this issue by lowering their bid to anticipate repairs, and lessen your chance of short sale approval in the first place?
That’s what I thought, but general consensus is that the short sale lender will not make any repairs for issues that are found during the home inspection. Does one simply hedge this issue by lowering their bid to anticipate repairs, and lessen your chance of short sale approval in the first place?
That’s what I thought, but general consensus is that the short sale lender will not make any repairs for issues that are found during the home inspection. Does one simply hedge this issue by lowering their bid to anticipate repairs, and lessen your chance of short sale approval in the first place?
Tough question and I have done close to 100 so I have a pretty large body of evidence to draw from In general my advice would not to waste money doing one before approval. I would also not write an offer and try to buy one that was a fixer and not in good to very good condition knowing i wasnt going to get repairs. Condos work well as short sale buys as do newer homes. Older homes with lots of issues dont work so well unless they have fallen out due to a previous buyer walking over issues uncovered during an inspection.
Tough question and I have done close to 100 so I have a pretty large body of evidence to draw from In general my advice would not to waste money doing one before approval. I would also not write an offer and try to buy one that was a fixer and not in good to very good condition knowing i wasnt going to get repairs. Condos work well as short sale buys as do newer homes. Older homes with lots of issues dont work so well unless they have fallen out due to a previous buyer walking over issues uncovered during an inspection.
Tough question and I have done close to 100 so I have a pretty large body of evidence to draw from In general my advice would not to waste money doing one before approval. I would also not write an offer and try to buy one that was a fixer and not in good to very good condition knowing i wasnt going to get repairs. Condos work well as short sale buys as do newer homes. Older homes with lots of issues dont work so well unless they have fallen out due to a previous buyer walking over issues uncovered during an inspection.
Tough question and I have done close to 100 so I have a pretty large body of evidence to draw from In general my advice would not to waste money doing one before approval. I would also not write an offer and try to buy one that was a fixer and not in good to very good condition knowing i wasnt going to get repairs. Condos work well as short sale buys as do newer homes. Older homes with lots of issues dont work so well unless they have fallen out due to a previous buyer walking over issues uncovered during an inspection.
