Do offers that exclude requests for repairs or terminate receive high priority?
Again, Short-sales are “as is”. The lender on a short sale does not typically pay for repairs. The seller is experiencing a financial hardship and therefore simply cannot pay for them. The buyer that does not request repairs or termite clearance receives higher priority. The buyer has every right to perform a home inspection and we recommend that they do. Any repairs that are discovered are the responsibility of the buyer. If you are making an offer on an older property or if you feel that repairs will be required after inspection please plan accordingly by setting aside extra funds. As always if your home inspection reveals major repairs and you no longer wish to purchase the property you may walk away. VA buyers need to bid on properties that are move-in ready. Note that it is possible to receive a credit for repairs if the repair credit is coming from buyer’s maximum credit of 3%. On short-sale listings we typically have a termite inspection performed on the front end. That way we k
