as is real estate offer?
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To make an "as-is offer" is to state that you, the buyer, will take the property in the condition it is in as of the date you make the offer, and will not ask the seller to do any work or repairs to the home.
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When Can an Advertisement Be Considered an Offer? An advertisement may be considered a valid offer if it has the following three elements: It is sufficiently definite in its terms (e.g. descriptions, quality, quantity, & price); It is communicated to a specific person or persons (usually limited group of people);
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Dear Angie: Are real estate agent fees negotiable? ... Everything is negotiable in a real estate transaction, including the commission, which in most parts of the country is 6 percent of the sales price, usually split between the listing agent and buyer's agent.
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['Mutual Assent or a meeting of the minds is an essential element of an offer and an acceptance.', 'In Writing. ... ', 'Identify the Parties. ... ', 'Property Description. ... ', 'Purchase Price. ... ', 'Legal Consideration. ... ', 'Signatures.']
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The Fine Print. Unfortunately, rent-to-own is not always a good deal. If the tenant decides not to purchase the house at the end of the rental term, none of the extra money that he paid to the seller comes back to him. So he would have paid above market value for a rental and have no extra cash to show for it.
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Yes, you can be a real estate agent and appraiser at the same time.
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Every real estate contract meets four requirements to be valid: ... The contract must contain an offer and an acceptance. The purpose of the agreement must be legal. There must be an exchange of things of value (usually, it's money for property)
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Unfortunately, rent-to-own is not always a good deal. If the tenant decides not to purchase the house at the end of the rental term, none of the extra money that he paid to the seller comes back to him. So he would have paid above market value for a rental and have no extra cash to show for it.
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Technically, when a real estate agent lists a house to sell as is, it means the homeowner is selling the home in its current condition, and will make no repairs or improvements before the sale (or negotiate with the buyer for any credits to fund these fix-its).
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If the Buyer finds the property acceptable, Buyer agrees to take the property in its present “AS IS” and “WHERE IS” condition as of the time the inspection condition is satisfied. Should Buyer find the property unacceptable, the Purchase Agreement will terminate.
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In real estate, an as-is property is one that's listed for sale in its current state, meaning that any issues or problems with the home will not be addressed by the seller. ... The buyer's purchase of the home is contingent on the repairs being made first.
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Do Sellers Have to Respond to an Offer? No, they don't have to. If your offer is not the winning one, you might never hear from them. This happens if your offer is too low or the terms are too far from what is expected.
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In Ontario, the seller's real estate broker or salesperson is required to disclose the number of competing offers to all buyers who have submitted a written offer. However, the terms and conditions of each offer are confidential to the seller and their broker or salesperson.
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The answer that every real estate investing course will tell you is, that you should offer 50 cents on the dollar. That means that if the asking price is $200,000.00 then you should offer $100,000.00. ... If you're an investor, you can do this. As a matter of fact, you need to do this.
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All offers must be definite and specific in their terms. The essential terms of the deal, such as price, manner of acceptance and timing, must be stated. An example is “I offer you my grandfather's antique watch for $200.
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Zillow Offers makes near-instant, all-cash offers on qualifying properties in 24 U.S. cities. ... Zillow's offers are generally considered fair, typically coming within 1.4% of the home's assessed market value. You'll pay a built-in service fee (typically 6-9%) and standard seller closing costs.
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['Understand FSBO pros and cons.', 'Set a fair price.', 'Prepare your house.', 'Invest in marketing and advertising.', 'Act like a professional.', 'Ensure you have qualified buyers.', 'Hire a real estate attorney.', "Don't rule out an agent."]