Listing fail: "Seller will not provide any interior showings or inspections"
08 Jan 2013
Posted by Andrew Kantor, Editor & Blogmaster []
Hat tip to AOL Real Estate for pointing out this example of listing fail from San Francisco. We’ve emphasized the relevant parts for you:
Bank Owned-Great Excelsior location, just minutes to transportation & park. Per tax records is a 2 bdrm/2 bth home. Tenant and former owner occupied. $75 doc fee paid by Buyer at COE. Sold AS Is with no repairs and subject to existing tenancies. The Buyer assumes all risks associated with the existing tenancies after close of escrow. Seller will not transfer any legal action related to any existing tenancies. Please do not disturb the occupants who will not be vacating prior to the sale.Seller will not provide any interior showings or inspections. Drive by. No sign on property.
Bank owned but occupied by the former owner, no interior showings or inspections allowed, and it’s your problem to deal with the tenants after you buy it. Sounds legit!
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2 Responses
Wes Atiyeh
09|Jan|2013 1WOW and the bank really wants to sell this home? Why as an agent would you even consider taking this listing on, the cost, headaches and potential grief from your own client?
Andrew Kantor, Editor & Blogmaster
09|Jan|2013 2I have to assume you (as in, all y’all) have seen some homes in pretty bad shape. There are people who will buy them. So HOW bad does this have to be for the bank to refuse to share the interior? [shudder]
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