Buyer and Seller Tips

“As Is”

 

A home that is listed “as is” does not mean that you can’t inspect the property before final sale. It’s simply letting buyers know that the owners will not make any repairs. Most purchase contracts include an inspection period. If you, as a buyer, are not satisfied with what you find, you can cancel the contract and receive a refund on your earnest money.

Special note: If the house you are considering is not listed “as is,” but is in considerable disrepair, you should ask the selling agent if the owner is willing to pay for repairs that will likely come up during inspection. Some agents have refrained from listing a property “as is” when there is no intention on the part of the owner to bring the house up to par. This can cost the buyer since inspection and appraisal monies are non-refundable.

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