Can You Sell A House " As Is" ?

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 

There are times when the seller chooses to sell  "As Is" for a number of reasons.

Because of age, health, convenience or finances, the home owner's choice is to sell their home 'as is' without making any repairs or updates.  The house may be marketed  with words like.."price reflects the "as is" condition." 

Below is a section of the Maryland "AS IS ADDENDUM"

 

Maryland "as is addendum"

 

 

You can see there are two options that the buyer and seller have to agree to.

The first is clear black and white...buying without inspections taking the house with no repairs. No refund of EMD if they "change" their minds.

 

The second is buying with inspections and having the  option to withdraw for any reason within  a specified time,  usually 5- 10 days from the contract acceptance. Should they decide not to move forward, as long as they are within the time frame, they get the earnest money deposit returned. 

 

If you have any questions about selling an "As In" home

Call Margaret Rome

 

 

Margaret Rome

 

 

 

 

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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Margaret

Interesting how contracts differ from state to state! It’s certainly important to understand the implications of an “as is” purchase.

Jeff

Nov 13, 2017 09:37 PM #1
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Good morning, Margaret... the North Carolina contract specifically states that a home is sold "as is" right up front. What happens pursuant to the due diligence period and after inspections is a negotiation between buyer and seller. Seller has no legal obligation to do anything... of course, buyer has the right then to walk away from the contract.... at the end of the day we negotiate a compromise otherwise nothing would get sold.

Nov 14, 2017 03:43 AM #2
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I sell a fair maount of properties AS-IS.  But it does not give the buyer the right not to disclose.

Nov 14, 2017 04:41 AM #3
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I have always written contracts with the second option. A buyer should have the right to inspect even without repairs. I also think it is good for the seller since the buyer knew what they were purchasing.

Nov 14, 2017 02:29 PM #4
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post and explanation of "as is" which varies sometimes state to state. Thanks for sharing I hope you have a great afternoon.

Nov 14, 2017 02:49 PM #5
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Gateway to the Lake" 503-755-2905

No second option that I'm aware of in Oregon. But, I do notice that many of these As Is properties are bank-owned. 

Nov 14, 2017 05:35 PM #6
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Margaret Rome, Baltimore Maryland

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