Newsgroups: misc.invest.real-estate alt.org.natl-assn-mortgage-brokers alt.real-estate-agents
Subject: Re: Selling AS IS vs. Not
From: bairdspalding@yahoo.comREMOVE
Date: Thu, 30 Oct 2003 20:19:30 GMT


On 23-Oct-2003, "Jibba Jabba"  wrote:

> Ok now suppose the house (in California) has been put into escrow and the
> buyer has done an inspection of the house.  The buyer submits a list of
> things that need to be fixed:
>
> 1) Central heater (recalled unit)
> 2) Water heater (it's working but they put that down to be replaced for
> some
> reason)
> 3) Crack in patio that will let water leak through
>
> According to California law, #1 must be fixed.  Howevere #2 and #3 are not
> (if I'm wrong please tell me).  The seller sends back a reply saying he
> will
> only fix #1.  The buyer doesn't reply.
>
> In this situation, what would be the difference in terms of selling the
> house AS IS vs. not?

In an as is sale in Florida the seller can return the deposit and decide
what to do next. In a standard contract the seller would pay up to the
maximum indicated in the contract for 1, 2, and 3, and the buyer must pay
the rest.