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Homebuyer Tip - "As Is" sale

What is an "as is" sale?

An "as is" property is sold without a warranty as to condition, repairs, or structure. With an "as is" sale, the buyer is on notice that the seller makes no promises regarding the property's physical status. With an "as is" sale, it is extremely difficult to make a claim against a seller if something is found to be wrong with the property after closing. "As is" clauses should be seen as an absolute requirement to make the transaction contingent on a professional inspection "satisfactory" to you. With a properly written sale agreement contingency, if you are not satisfied, then the deal is dead and you can get back your deposit in full.

Posted by Spokane Real Estate - Aaron Mallo on 03/10/2007 12:38 PM

Comments (2)

property condition, inspection

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2 Comments on Homebuyer Tip - "As Is" sale

MAR

2007

I always recommend having a home inspection done. Especially for an "as is" listing. That way you know exactly what problems or maintenance issues the house may have

Shawn Martin

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Wesley Chapel Realtor , Broker Associate
People's Choice Realty Services, Tampa, Florida

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