Manhattan Condo Living: We sell 'AS IS' condition: No Inspection in Manhattan New York Real Estate

Eileen Hsu (許小姐) and Morgan Evans, the new generation of Real Estate Professionals. We specialize in Manhattan Condos, including: Resales, New Construction, Pre-Construction and Foreign Nationals buying Manhattan New York Condos. Contact us at (917)837-8869 or (646)644-6929 Today.

We sell 'AS IS' condition: No Inspection in Manhattan New York Real Estate

No inspection in Manhattan New York Real Estate, Where the most of the Real Estate in the country has inspection as part of the negotiation, buyers are allowed to inspect the property once the offer has been made and written and ask the sellers for credits and money back after they inspect the property,  in Manhattan New York Real Estate, we sell the Co-Ops and Condos in 'AS IS' condition.

No Inspection and "AS IS" condition (in Manhattan New York Real Estate) means all appliances should be in working order, there should not be any visible structural damage, such as leak, cracks in the wall and etc. The seller is responsible to fix if the dishwasher, refridgerator, stove, faucet, and etc is not working. The seller is NOT responsible if the buyer wants a new sink, new floor, or a new coat of paint. Sellers are not obligated or responsible for cosmetic fix ups. The general practice in Manhattna New York Real Estate, we do not credit buyer any money back for non-structural fix ups. (there are some more complicated transactions and exceptions will be made).

With that being said, even though in Manhattan New York Real Estate there is no formal inspection, buyers should always inspect the property and note all the cosmetic fix ups should be discussed with buyers' agent prior to buyers submit the offer. Buyer can always suggest part of the cosmetic fix up to be sellers' responsibility during the price negotiation, however, it is up to the seller to decide if this is something they are willing to do. If the seller is not willing to make the changes that was suggested, buyers should take that cost into consideration when submitting an offer, and not after the offer was submitted! Once the offer is accepted, most of the time sellers are not interested in re-negotiate an offer after the offer is verbally accepted.

*exception can always be made, though this is the general practice in Manhattan New York Real Estate.*

Below are some more information for you to understand Manhattan New York Real Estate market better.

  • KNOW YOUR PRODUCT-PART 1 OF 5
  • KNOW YOUR BUYING POWER-PART 2 OF 5
  • KNOW THE FINANCIAL REPORT OF THE BUILDING-PART3 OF 5
  • Culture Shock buying Manhattan New York
  •  If you are a first time home buyer, or a buyer that is relocating to Manhattan New York, please note there are lots of different Real Estate practices here in Manhattan New York. To have a smooth home buying practice, it is beneficial for you as a buyer to be educated with not only the market but only the purchase process. Contact us today as we are Manhattan New York Relocationg specialists and we are the market expert. (917)837-8869 or Ehsu(@)elliman.com.

     

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    Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

    Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

    We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

    Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

     

    Comment balloon 3 commentsEileen Hsu • July 12 2009 09:31AM

    Comments

    Thanks for sharing your post with us this morning. Fellow NYer here in Phoenix.

    Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) almost 10 years ago

    Eileen - One of my Brokers mentioned to me a long time ago that all Real Estate is AS IS and I never understood what he meant by that.

     I always have my properties inspected and suggest itto my clients, you can learn so much about a property from an inspection!

     Robert

    Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) almost 10 years ago

    Harry - THANK YOU FOR STOPPING BY!

    Robert - In Manhattan New York Real Estate, we sell mainly Condo/Co-Op apartment units in a building complex, it is not very feasible to have the building 'inspected' as if there is any structural issue, it is always address it immediately, so having an inspection is not always helpful or useful to the buyers as oppose in buying a private house!

    Posted by Eileen Hsu, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) almost 10 years ago

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