Quote:
Originally Posted by iamhgp
hey guys... is this insane or what?!:
Condos For Sale - Apartments for Rent - Vacation Rentals - Condo.com
i am buying it... what does this mean though?
PROPERTY SOLD AS IS WITH AS IS RIDER(???) NEEDED. NO SURVEY
OR TERMITE INSPECTION GIVEN. TAXES PRORATED 100%.(?? what does it mean to a buyer)
i have been interested in this property since jan. of this year... the price actually was lowered $20k... in a span of 7 mos... wow! the waiting paid off i guess.
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The as-is part could mean anything from
1) Owned by a bank who just doesn't want to bother with any repairs or inspections.
TO
2) This home has a lot of problems that we don't want you to find out about, and if you do, you've already signed off that we aren't responsible.
If you do go foward, insist on getting the full range of inspections done so you know what "as-is" entails.
I have no idea what Taxes Prorated 100% means. 100% makes it not a proration. Maybe they mean prorated through the day of closing, but that is normal and customary, and wouldn't need to be stated.