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" AS IS' Home purchase . What buyers should know .
"As-Is" - This is a delicate road Realtors travel along when serving Buyers. Delicate because Buyers struggle with accepting what "As-Is" really means, or how it relates to their options for negotiating the purchase of a desired home. Gita, below explains it well.
As a pre-note, Buyers need to be aware some homes are located in towns with ordinances requiring a Purchaser to deposit a repair escrow to insure repairs are completed before allowed to take occupancy of the property after closing. Her comments below are very helpful to understanding what "as-is" really involves in a transaction.
"AS IS" home purchase . What buyers should know before writing the purchase agreement.
This is not legal advice and buyers should seek legal advice when purchasing a home. Laws may be different in different States Ask your Real estate agent to guide you about disclosure laws in the state.
Before making an offer on a home please know that when sellers say they are selling the home ' as is ' it does not mean that you cannot have a home inspection. In fact you should always have a home inspected by a quailfied home inspector.
The purpose of the home inspection is to find ... more
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