My mother-in-law needs to sale a house she ownes. At this point the actual house is un-livable. It is really run down and needs a lot of work. The house is on a 1/2 acre in a prime location (located in NM). If we did sale the house we would be selling it more for the property value then the house value. Can a realtor handle something like this (because it wont pass any type of inspection) or would she need to sell it on her own? How can she ensure she is covered legally?
2006-12-05 05:44:32 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
a realtor can handle, and will probably have better connections with builders and developers, the people most likely to be interested in the house. realtors have to be very well versed in real estate law, so you are probably better covered. she can call in 2 or 3 or more from different companies and have them tell her what they would do to sell it for her. even give her their estimate of price. then she can pick the one with the best approach. check for references. think of the realtor as your "marketing consultant."
2006-12-05 05:54:17 · answer #1 · answered by Tom M 4 · 1⤊ 0⤋
I'm a qualifying broker in NM and the answer is yes but only if you provide the potential buyer with the proper disclosures and the proper recommendations for inspections pursuant to our laws. You will also need to provide them with the now mandated forms from the State Engineer's Office and the Environmental Department. In addition any local ordinances relating to use and habitability will also need to be followed.
Buena Suerte
2006-12-05 06:33:03 · answer #2 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
You need to hire a realtor in this situation, they will know exactly what to do and how to handle this issue. This happens almost daily within the real estate market. Sounds like it might be a good deal for an investor, ill bet they can sell it quickly and for a decent price for you. feel free to email me with any questions dmckinner@yahoo.com
2006-12-05 05:56:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
All property is sold as is. The buyer may request up-grades but you do not have to accept any offer that you do not want as the seller. Get a raeltor involved. You know you will get less $$$ than the market will bear if it were in better condition.
2006-12-05 05:52:38 · answer #4 · answered by golferwhoworks 7 · 1⤊ 0⤋
You can write anything you want into a contract.As long as it is signed by the buyer and approved by the lender you should be in good shape.Remember you need to discose any claims you had.There will be a CLUE report run and they will show up.Better to disclose or the contract could be rendered invalid.
2006-12-05 05:53:05 · answer #5 · answered by Anonymous · 0⤊ 0⤋
List it on Ebay in As Is condition. You can also list the home through Realtors in As Is condition, but they will still take their big ol chunk.
Adam Monforton
http://www.learntofliphouses.com
2006-12-05 05:48:53 · answer #6 · answered by p3mofo 2 · 0⤊ 0⤋
If you have a buyer who will purchase this house AS IS thats great......... but ALL banks will require an appraisal on the property before they will finance a loan for purchase.
2006-12-05 05:53:12 · answer #7 · answered by Jen G 3 · 0⤊ 0⤋