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Are "As Is" Sales Of Real Estate Property Legal In California!

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Services for Real Estate Pros with Crescent Moon Realty, Inc. & Land N Sea Auctions.
Are "As Is" Sales of Real Estate Property Legal In California?  

How do you handle home inspections duties for such properties?  Sellers generally use the term "as is" to mean they will not be responsible to buyers for the condition of the real property being sold. although its not illegal to merely insert an "as is" clause into a purchase agreement, the term is ambiguous and can cause a lot of confusion. One common misconception is that selling "as is" means that a seller is not responsible for any repairs, including required government retrofits (such as smoke detector and water heater bracing) or other things. Another common misconception is that selling "as is"  relieves a seller of the duty of disclosure any known material facts that may affect the value or desirability of the property.

Similarly, the fact that property is being sold "as is" does not affect an agent's duty to inspect residential property, the seller's obligations with regard to the Real Estate Transfer Disclosure Statement, or other legal obligations related to real property transactions.

Courtesy of: Crescent Moon Realty, Inc.
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Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta

David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Great points - very important to understand that seller disclosures are absolutely required even if the sale is as-is. Regards, Dave

Jun 26, 2012 01:11 AM