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When a house is sold as is, does that mean it’s in horrible condition?
When a house is sold as is, does that mean it’s in horrible condition?
This is a question I’ve answered many times lately when working with buyers in Franklin and Spring Hill, Tenneessee just south of Nashville.  The answer is not necessarily.  There are various reasons a home might be sold in “as is” condition.  It simplifies the sale process when the owner doesn’t have to negotiate or make any repairs.  The buyer can still make the sale agreement contingent on an inspection satisfactory to them but the owner will not make any repairs.
Recently I showed a house where the owner was widowed and she wanted a quick and easy sale.  The home was priced a little under market value and offered "as is".  The property was beautiful & move in ready!  I understand it brought multiple offers in just a few days!  It is a more likely for homes to need work and have deferred maintenance if they have been foreclosed (bank owned properties) or those that are being sold as a short sale (for less than what the owners owe on the property).  These distressed sales commonly do not have the pride of ownership that you might see in a ... more

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