With foreclosures and other 'distressed' sales abounding these days you see a lot of listings with two little bitty words: AS IS
So what does AS IS mean, Jules?
It means that the seller doesn't want to hear you (or actually me, your agent) whine about all the little things that are wrong with the place. It means that they have no intention of fixing anything. It means that you know you're buying this house, warts and all, and you aren't going to come back to the seller after the fact and say that it's their fault you didn't know about the warts. It means buyer be wary.
Well then, what doesn't AS IS mean?
It doesn't mean that there's something horrifying lurking behind the drywall (although there could be). It doesn't mean that you have to go through with the transaction if you find Jimmy Hoffa's body in the basement structural or mechanical problems with the house - you can still ask for and in almost all cases will be granted an inspection contingency. It doesn't mean that this is a bad house. So if you find that your dream home is for sale as is, don't be scared but do be aware.
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Julia Odom enjoys long walks on the beach, debating the renovation vs. restoration question and hanging out with home inspectors.
Visit Chattanooga Real Estate News to search homes for sale or view the rest of her blog
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Good info--- as is-- can mean alot of different things!