Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
2,434,339
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

None of the above. 

"As-Is" is the most mis-understood term.  Sellers don't understand it because their agents don't and can't explain it ... or it is explained incorrectly. 

As-Is means "as known, as disclosed, at the time the offer is accepted. Any material fact not disclosed and discovered after the offer was accepted opens the door for negotiation. The seller is NOT obligated contractually to offer an concessions.  

This is why we do as much due-diligence as possible prior to writing an offer.

Nov 25, 2017 07:18 AM
Rainmaker
502,431
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Our residential contracts recently changed. They're more like California's now. Buyers are more like California's now too. LOL 'Sure it's as is, until we start squawking and ask for a billion repairs'. Seller might do them, or tell you to GFY. You don't know, and you shouldn't expect. Everything you said 1--> 4 is a yes. And there's so much more. I will add, whether the property is being offered 'as is' or not, the same amount of due diligence goes into everything.

Nov 25, 2017 07:02 AM
Rainmaker
3,941,599
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

ignore the AS IS.... everything is negotiable.... 

Nov 25, 2017 05:04 PM
Rainmaker
1,289,849
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

I typically tell my clients that "as-is" means whatever the seller wants it to mean. The lender will ultimately determine if it's really as-is. For instance, a home with black mold is only as-is if you have a cash buyer. A house without a working heat system is only working for a cash buyer. So, as-is is sometimes relevent depending on what's wrong with it. I have listed a few that were as-is, and in the remarks I mentioned that the seller did not have the means to make "any" repairs. None, nada, zilch. Each one of those has sold for cash with no repairs requested.

Nov 25, 2017 06:54 AM
Rainmaker
455,046
Gloria Valvasori, ASA
Better Homes and Gardens Real Estate Signature Service - Streetsville, ON
Quality Service, Exceptional Results, Since 1987

I explain to my Buyer that nothing is warranteed or guaranteed and they would have to accept the property as it stands.  I would advise them to have a home inspecton prior to submitting an offer to try and determine what the deficiencies are, and the approximate cost.  I would also have them sign a waiver that I notified them of the meaning of "as is" and they are proceeding of their own volition - "CMA" cover my a*#

Nov 25, 2017 06:45 AM
Ambassador
3,097,652
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

There was a post on FB this morning where some idiot thought that it meant "furniture included".

Nov 25, 2017 07:49 AM
Rainmaker
175,616
Allie Angeloni
Long Realty - Oro Valley, AZ

5.  Anything can be negotiable is what I would advise my Buyer, and Inspections are crucial Annette Lawrence , Palm Harbor, FL 727-420-4041.  For Me:  one, it would mean there is a strong possibility that the Seller wants to fix nothing and either will not or cannot put more money back into the house; two, it would mean that there is a possibility that what you can 'see' is one thing, and there many be things that you 'cannot see' that could become issues or deal-breakers.  It may just be deferred maintenance or a can of worms, so to speak!  I will read replies below.

Nov 25, 2017 07:23 AM
Rainmaker
2,099,069
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

As is means as is... get your inspections, but house is being sold in as is condition. In NC all contracts say home is being sold as is.

Nov 25, 2017 08:21 AM
Rainmaker
492,288
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

So many people advertise "as is" but then negotiate. I carry on as usual.

Nov 25, 2017 07:06 AM
Rainmaker
539,723
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale Real Estate

It would depend a lot on the property, it would depend on the condition of the property, it depends on the listed price, and perhaps a few other terms. Generally, it does not mean much. It's the seller's message that the property would perhaps require repairs and intentions not to provide those repairs, or a seller situation. All and all, everything is negotiable, and it 'all depends'... 

Nov 25, 2017 06:57 AM
Ambassador
2,225,595
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Our NC Contract is as-is but, buyers still perform their Due Diligence and ask for items. Sellers have the option of making repairs or standing firm, making no repairs. 

If my buyers can handle the cost of the repairs or stomach particular issues, then they typically move forward. If a seller rejects repair request, we typically already have a contractor's ball-park estimate on items that are hot points for buyers.

Nov 25, 2017 05:31 PM
Rainmaker
2,778,747
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

The California residential purchase agreements have been "as is" for quite some time...believe me...it doesn't stop people from asking....everything remains negotible - until it isn't.....

Nov 25, 2017 05:18 PM
Rainmaker
968,649
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

In CA all properties are as is, per the purchase contract.  Doesn't mean you can't do inspections and ask for stuff.  Doesn't mean the sellers will or will not do repairs.

 

Oddly enough, out here the sellers don't even have to respond to a repair request!

Nov 25, 2017 09:41 AM
Ambassador
1,848,744
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

2. 

     The overwhelming majority of sales in Florida are done on the Florida Realtors As-Is version 5 contract. 

     You the Buyer have a 15 day "Free Look" to check out the property - then we can ask for repairs (re-negotiate), or back out of the deal, or just proceed to closing.

Nov 25, 2017 07:42 AM
Rainmaker
359,069
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You have many great answers here..

Nov 25, 2017 07:20 AM
Rainmaker
383,479
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

It's AS IS With Right to Inspect but most use it as AS IS With Right to Negotiate.  

I tell the seller that while you ask for AS IS, buyers will do what they want and you will respond as you want.  Price your listing based on the condition of the property comparable to others and disclose all know material facts.

I tell buyers that they have xxx days to inspect and release the contract or inspection contingency.  I tell buyers to put in your higher and best offer.

Having said that, negotiating over a few dollars is just a waste of time and often leads to disappointment.  

 

 

Nov 25, 2017 07:09 AM
Rainer
102,802
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Lots of great answers here! I advise that is means just about whatever any party to the transactions takes it as. I have seen sellers of "AS-IS" do repairs, and I have seen them respond with, "It's being sold AS-IS." All you can do is ask for something and see how the seller responds.

Nov 25, 2017 10:17 AM
Rainmaker
22,079
Steve Penner
Royal LePage / Moneyledgers Software - Winnipeg, MB
REALTOR / Owner of Moneyledgers

Buy at your own risk and your own due diligence ... .and bring your boots, shovel, and a flashlight... just in case!.. ;)

Nov 25, 2017 08:18 AM
Rainmaker
297,137
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

In CA properties are sold AS IS, as disclosed however everything is negotiable in real estate and it doesn’t mean buyers can’t ask or sells can’t credit or repair.

I explain the purchase contract at the time of listing so the seller is aware of the AS IS and what it means as well as sitting down with a buyer in advance of viewing property to explain to them what they will be signing and what it means to a buyer.

Contracts are different depending on where the contract is written and buyers coming from out of area might be used to something entirely different. 

It all comes down to the specific situation and nothing can take the place of proper education.

Nov 25, 2017 08:16 AM
Rainmaker
784,695
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

100% of sales since 2005 has been AS IS sale. Those do not like the house or the price factored in the condition need not to make a offer.

  

Nov 25, 2017 07:45 AM
Rainmaker
813,317
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

If I have to define "AS IS" to a customer it's going to be a short trip.

Nov 25, 2017 06:54 AM
Rainmaker
2,372,290
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Gloria nailed it! Nuff said!

Nov 25, 2017 06:53 AM
Rainmaker
324,037
Maria Sapio
Berkshire Hathaway Homesale Realty - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you Gloria Valvasori, ASA 

Nov 25, 2017 06:50 AM
Rainmaker
449,186
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

I have many cash buyers and I tell them to get inspections for anything that concerns them. Most recently this past week, buyer did roof and pest inspection. Seller was willing to renegotiate based on some findings no one was aware of. "As is" is great if negative items are known and taken into consideration when coming up with a sales price.

Nov 25, 2017 05:26 PM
Rainmaker
1,294,208
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

4 - I follow what the 'spirit' of the contract states. If there is then something in the inspection that they don't like, they can cancel.

Nov 25, 2017 02:03 PM
Ambassador
2,608,850
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I would say #2.  No matter the intent of the seller a buyer can ask and seller never HAS to repair, but I advise to have it inspected and proceed from there if they think it's THE house.

Nov 25, 2017 01:55 PM
Rainmaker
445,509
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert
  • Sometimes it's time for the 203k talk.
  • Sometimes "Move on"
  • Sometimes "2. 'As is' means nothing. Proceed as usual"

 

Nov 25, 2017 12:41 PM
Rainmaker
313,013
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I like Candice A. Donofrio answer ... 

Nov 25, 2017 12:26 PM
Rainmaker
4,265,153
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Just share the facts. 

Nov 25, 2017 12:20 PM
Rainmaker
882,062
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Just requires a buyer to understand what might happen as the contract progresses. All states are different too, so one answer here can be different but correct for the state. 

Nov 25, 2017 08:20 AM
Ambassador
1,231,894
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

5. Demand an inspection contingency.

Nov 25, 2017 08:13 AM
Rainmaker
1,111,892
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

It could be the start of your HGTV career or a money pit that loses money!

Nov 25, 2017 07:55 AM
Rainmaker
433,349
Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I agree with most of the comments, but I think it really comes into play after the closing if any problems surface. An attorney says he adds As-Is to all his contracts.

 
Nov 25, 2017 07:35 AM
Rainmaker
3,420,135
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Annette,

What Candice A. Donofrio said.  A

Nov 25, 2017 07:26 AM
Ambassador
3,362,725
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Buyer beware and it means that it is not for every buyer so #4 comes closest with lots of education needed. As is in my area means just that, take it as it is.

Nov 25, 2017 07:25 AM
Rainmaker
734,987
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

What Mike Cooper said. 

Nov 25, 2017 07:15 AM
Rainer
366,481
Anna Hatridge
Goodson Realty - Bonne Terre, MO
Missouri Realtor with Goodson Realty

2 is my answer

Nov 26, 2017 05:24 AM
Rainmaker
2,612,450
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Kathleen Daniels nailed this one!

Nov 26, 2017 02:22 AM
Ambassador
3,363,977
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

What Kathleen Daniels  said

Nov 25, 2017 09:19 PM
Rainer
408,583
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Everything is negotiable, do your due diligence and let your offer reflect the "as is" condition.

Nov 25, 2017 05:44 PM
Rainmaker
626,373
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

2,3 &4

Nov 25, 2017 11:19 AM
Rainmaker
2,214,908
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Annette Lawrence , Palm Harbor, FL 727-420-4041 Many problems and liabilities can develop from "AS IS" listing. Good suggestions.

Nov 25, 2017 11:16 AM
Rainmaker
2,190,025
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Its another way of saying caveat emptor. To a buyer, get this inspected!

Nov 25, 2017 08:45 AM
Rainmaker
2,262,776
Richard Weeks
Dallas, TX
REALTOR®, Broker

I advise while it is an "as is" contract they will be purchasing an option period where the pay x number of dollars for x number of days and they will  have the option to terminate for any or no reason.

Nov 25, 2017 08:09 AM
Rainer
114,961
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I think Kathleen Daniels said it better than I could.

Dec 03, 2017 08:02 AM
Rainmaker
1,212,569
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

All properties are sold ''as is'' here in SoCal, so we just advice a buyer to do his/her inspections and investigations. 

Nov 27, 2017 12:27 AM
Rainmaker
1,451,070
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

All Texas contracts are "as is" contracts, so it's just the agent educating the buyer as to what that means.

Nov 26, 2017 10:37 AM
Rainmaker
3,925,426
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

As is means nothing in most cases.   

In reality, one can not legitimately ask for repairs for known disclosed issues.  But, for all of those hidden and undisclosed issues, it's fair game.  

 

Nov 26, 2017 06:39 AM
Rainmaker
3,329,485
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

GET A  HOME INSPECTION!!!!!!!

Nov 25, 2017 08:50 PM
Rainer
8,794
Tyra Hatcher Mitchell
Alliance Realty - Portland, ME
Southern Maine Realtor

While a seller may like to sell their property "as-is" our state disclosures require answers and sellers' agents are responsible to dig a little deeper when the seller doesn't know or doesn't want to know.  Depending on the agent, I advise my buyers that we will be proceeding with caution, asking for what we want knowing that might not happen, and calculating risks along the way. 

Dec 05, 2017 04:58 PM
Rainmaker
324,477
Joanne Gillet &The Edge Of The Beach Team ---- Pawleys Island, SC
Pawleys Seaside Realty - Pawleys Island, SC
We advise- You Decide! No Hassles...

Hahahahaha!!

Nov 28, 2017 06:54 AM
Rainmaker
2,364,540
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I always tell them they can still do a inspection but beware that the seller will not fixture MUCH!

Nov 27, 2017 12:26 PM
Rainmaker
3,706,586
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends on the property and the bu

Nov 26, 2017 11:25 AM