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/u/RadRenaBoBena
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First time buyer with the fortunate opportunity to pay cash for a home due to unfortunate circumstances. I found one that looks like a great opportunity, and lower than my targeted price range for something that doesn’t need work. Great neighborhood with much higher home values than this house, nice lot, good size for resale, and a newer roof of two years. New roofs are going for $40k +- in my area for similar size.
I’m learning about the plus and minuses by reading articles online but would like some advice regarding my specific situation. My questions are:
I’m want to offer a fair price to the seller while also protecting myself.
UPDATE: And, no more than a couple of hours later, it’s pending. Someone else must of seen it as a good deal as well. I appreciate everyone’s comments and if nothing else it got me thinking more about my limits and options.
submitted by /u/RadRenaBoBena
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Cash sale “as-is”
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I’m learning about the plus and minuses by reading articles online but would like some advice regarding my specific situation. My questions are:
- Is paying cash wise? No payment vs. losing that money towards being invested.
- Seller has stated it’s being sold-as is. Does this mean they are likely to be reluctant to a lower offer after inspections?
- Considering the risk of as-is, is there a common percentage to offer lower than the asking price?
I’m want to offer a fair price to the seller while also protecting myself.
UPDATE: And, no more than a couple of hours later, it’s pending. Someone else must of seen it as a good deal as well. I appreciate everyone’s comments and if nothing else it got me thinking more about my limits and options.
submitted by /u/RadRenaBoBena
[link] [comments]
Cash sale “as-is”
Continue reading...