While selling "as is" generally means the seller won’t complete any repairs or improvements, it doesn't always mean there will be no negotiations. Buyers might still request inspections and use the findings to negotiate the price. But, it's up to you as the seller to decide if you're ...
the parties will cooperate in good faith and Buyer will promptly (and in any event within three (3) Business Days from the receipt of a request from Seller or Lender) provide Seller and Lender with all information reasonably requested by Lender to make a decision as to whether to approve th...
a corporation incorporated under the laws of the Commonwealth of Virginia, with its principal place of business at 0000 Xxxxx Xxx, Xxxxxxx, Xxxxxxxx 00000 (hereinafter referred to as "Seller"), and VA ACQUISITION CORP., a corporation incorporated under the laws of the State of Illinois, with ...
Tenants should abide by the terms of the lease and avoid any sort of damage to the property. However, accidents happen, and tenants will be legally obligated to pay for the repairs for the damage they’ve caused. Can landlords make tenants pay for repairs? Yes, landlords can make tenants ...
Never overlook seller disclosures when it comes to due diligence.But what are those? Well, those are legally required documents that can save you from nasty surprises and costly oversights. You see, sellers are typically obligated to reveal known defects and issues with the property. This isn’...
When the entire property is being listed and sold “as-is,” the seller will not make any repairs, nor offer any credits for potential defects of the home or grounds. Some examples of major defects that the seller doesn’t have to correct include: ...
“A reverse mortgage can make sense for some seniors, mainly those who answer yes to these questions: Do you need additional income to pay your bills? Do you plan to stay in the home? And are you OK with passing on the property to your heirs with a debt they’ll need to pay off?
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2. Remember seller’s disclosures Selling as-is doesn’t excuse you from disclosing known defects. For example, if you know there’s a mold problem or acrack in the foundation, you’re legally obligated to inform the buyer. If you misrepresent the condition of the property, you could pote...
If your bid ends up winning, you’re generally obligated to follow through with the purchase at the winning price. Failure to do so may result in penalties or legal action. In most cases, you’ll also need to arrange transport for the vehicle. Buying a car at auction: pros and cons Ev...