Of all the attention-grabbing terms to be found in St. Cloud listings, the audacious “as-is” ranks right up there near the top of the deck. Intentional or not, it carries a pronounced dramatic aura. Contractors see St. Cloud “as-is” listings as calls to action. House flippers’ pulse rates quicken when they come across it. For most typical prospective buyers, on the other hand, the same term triggers furrowed brows and a hasty move onto the next listing.
“As-is” carries shades of meaning with legal implications, but in general, it simply signals to the world that the seller is not interested in improving the offered property. If something needs to be fixed, it’s up to the next owner to handle it. For that reason, St. Cloud as-is listings are nearly always accompanied by bargain asking prices.
The unique impact of the term isn’t due to what’s stated, but to what’s implied. It’s hard to escape the suspicion that something must be haywire with the place! That is where even more drama can develop—because that’s not necessarily the case. It could signal an all-timegenuine world-class homebuying bargain!!!!! That would be the case if, for instance, the seller is simply eager to move on, and figures that the combination of “as-is” plus an appealing asking price will trigger one or more serious offers in a hurry.
But it’s also possible that the seller, having detected telltale signs that could signal major maintenance issues to come, lacks the wherewithal to tackle a worst-case scenario. He may be required to divulge what he knows—but the possible speculations are up to the buyer. The glass could be half full, or…?
The drama of the as-is listing can have a pronouncedly undramatic second act—which will be the case when I am your buyer’s agent. This wet blanket of an approach is known as the home inspection contingency. Even though it removes much of the casino-like excitement from the ensuing action, it’s seriously recommended for even the most optimistic of buyers. The $300-$500 that an experienced St. Cloud inspector will charge is the best way to detect what, if any, major defects are likely to turn up—allowing for some realistic bottom line calculations. When included as part of any offer (as-is or not), this properly worded contingency provides would-be buyers an economical exit if the resulting calculations reveal a non-bargain.
Having an experienced St. Cloud agent on your team is how to remove the drama when you’re buying or selling a home—but it can also mean safety when uncovering true St. Cloud home buying bargains. Buying or selling, as-is or not, I’m here to help!
Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. From Maple Grove to St. Cloud, we have professional Realtors ready to assist! Residential & Commercial Real Estate, Sauk Rapids Real Estate, Sartell Real Estate, Waite Park Real Estate, Rice Real Estate, St. Joe Real Estate, Foley Real Estate. Milaca Real Estate, Litchfield, Maple Grove and surrounding communities. Whether you're looking at buying or selling home in St. Cloud, multi-family units in Sauk Rapids, land in Rockville or any property in Central Minnesota, we are the dedicated professionals to call for your needs. Premier Real Estate Services has offices located in St. Cloud, Milaca, Litchfield, Hutchinson, and Maple Grove.
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"Don helped my sister and I sell my parent’s home (had lived in it since 1976) after my father’s death and my mother’s move to assisted living. He walked us through every step of what was a difficult and could have been very confusing process. We were able to sign all documentation via email making it quick and efficient. Don made several trips to the house to check on our remodeling and cleanup projects. We enjoyed working with Don and appreciate his thoroughness and keeping the process moving through closing."