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Buying a home "as-is" from our landlord
Hi everyone! Nice to be a part of this community! My husband and I are first-time home buyers currently renting a home we enjoy in a neighborhood we like. Our landlord is looking to sell and has offered to sell to us with no seller's or buyer's agent. He shared with us a CMA he did and priced our home at $345K based on that CMA (this is actually a bit lower than we were expecting). He is offering to sell to us at $335K "as-is," given that they would save $17K with not using a seller's agent. He shared that the slate roof was replaced in the last 10-20y, we know that the HVAC and water heater are new because they were replaced during our rental tenure, and we know the major issues with the house. Question: We think it is still a good idea to get a home inspection before making an offer. Does this seem like a good idea? We trust him and have a good relationship, but there are issues he (and we) may not be aware of that an inspection would uncover that might affect whether we counter with a lower offer on an "as-is" sale, or decide not to purchase the home. Anything else you would recommend? (We are currently getting pre-qualified with lenders before selecting one - we were preapproved a couple of years ago for a loan that was more than the price he is asking, and our financial situation has remained stable since then). Thank you!!! Sarah
Condo HOA’s
Hey Nick, Do you recommend any books/podcasts on learning more about HOA’s and special assessments?
Home Inspection and Due Diligence Discussion Guidelines
This is where we discuss what to look for in inspections and how to address issues. When posting: - Share experiences with home inspections and what you've learned - Ask questions about inspection processes or findings - Discuss red flags to watch out for during inspections - Share resources for finding reputable inspectors - Remember that serious issues should always be addressed by professionals Knowledge is power — let's make informed decisions about our potential homes!
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