Yes and no... banks will typically allow conditions, if it is a court of queens bench offer they are much less likely to accept any conditions.
Main differences are:
Appliances/non attached goods are not guaranteed to be included. Reason being, the bank doesnt know if the previous owner went to future shop and was on a $15 a month plan for all brand new appliances and will show up to repo them. I have never experienced a bank taking them as they are not in the business to sell appliances but they also wont be held liable if they are taken by a creditor.
Also, no warranties or representations. AKA, seller of normal sale knows of any major defects. He must disclose these and if he doesnt you can come after him when you move in and find a huge hole behind what was a painting. The bank has not been to the property and will not be held reliable. This is where a thorough inspection comes in handy.
Other than that, its pretty much the same thing. Condition of the place is typically in need of a major cleaning and some touch ups but this also comes with a reduced price.
|