"As Is" Properties

By
Real Estate Agent with Clocktower Realty Group

If you're shopping around for a new home, you'll be tempted to check out homes that are listed "As Is". Be warned that there are many different implications with homes that are purchased this way and could involve costly renovations and repairs.

 

 

Comments (16)

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Welcome to Active Rain!  As REALTORS who have been here (on and off) for more than 9 years, it's well worth it!

Nov 12, 2015 10:42 PM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Unless they are a seasoned investor I would never recommend a buyer purchase a home as-is. I don't even care if it has been newly built. Welcome to Active Rain Rhonda!

Nov 12, 2015 11:00 PM
Rhonda Howlett

Thank you for your insight Nicole!

Nov 13, 2015 05:51 AM
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Rhonda! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Nov 12, 2015 11:45 PM
Rhonda Howlett

Thank you Mery! 

Nov 13, 2015 05:37 AM
Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

As Is -- a loaded topic !   Certainly need due diligence ....

Welcome to Active Rain !

Nov 13, 2015 12:27 AM
Rhonda Howlett

Thanks Michele!

Nov 13, 2015 05:36 AM
Chris Lima
Atlantic Shores Realty Expertise - Port St Lucie, FL
Local or Global-Allow me to open doors for you.

Welcome to ActiveRain, Rhonda.  

Nov 13, 2015 12:29 AM
Rhonda Howlett

Thank you Chris!

Nov 13, 2015 05:36 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Hi Rhonda Howlett I tell Sellers that there really is no "as is" unless you have a cash buyer. If a loan is called for the Appraiser is going to find things that need repair before a loan is approved. Most people who want to go as is also want top dollar so I will send them to another Realtor, I don't want to deal with it.

Nov 13, 2015 01:02 AM
Rhonda Howlett

Thank you for your comment Bob!

Nov 13, 2015 05:36 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Great topic, Rhonda Howlett . You covered it well.   You know all the stories about what our real estate advertising words mean?  Cute = small.  Mature landscaping = Jungle, bring your chainsaw.  Not a drive by = ugly.  Well, to me, "As Is"  = The home has too many issues for me (the seller) to afford to fix.  LOL  As Nicole Doty - Gilbert Real Estate Expert , mentioned "As is" is a tough sell unless you have a seasoned investor.  Rarely can they be financed without repairs.  And, I would never recommend investing in repairs prior to closing.   And, as Bob "RealMan" Timm , said... you might need a Cash buyer.   Thanks for the blog, Rhonda.

Nov 13, 2015 10:00 AM
Rhonda Howlett

Carol,


Those advertising words and what they mean were great! Thank you so much for sharing. 

Nov 16, 2015 12:04 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

And, Welcome to the world of ActiveRain blogging.  You'll find this platform a valuable resource where we freely share and learn from each others experiences. 

Nov 13, 2015 10:00 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Welcome to ActiveRain Rhonda, and great use of video in your post!   Buying an AS IS home is for those buyers who have done an inspection and know what to expect! 

Nov 13, 2015 10:04 AM
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good afternoon Rhonda,

Welcome to Active Rain.

Kyle Reyes will love to see your use of video and yes know the costs of repairs to make an offer.

Make yourself a great day.

 

Nov 14, 2015 03:44 AM
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Good evening. Rhonda Howlett  Congratulations on your first post here in the Rain.  I hope to see more as you continue with ActiveRain.  .  

Nov 14, 2015 12:50 PM
Rhonda Howlett

Thank you Gary! 

Nov 16, 2015 12:04 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Excellent first post Rhonda Howlett .

Buying homes 'as is' has it's own challenges - and buyers must be aware of so many factors.

Nov 14, 2015 03:03 PM
Rhonda Howlett

Thank you Praful!

Nov 16, 2015 12:04 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Good advice Rhonda!

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
Bob

Nov 16, 2015 10:40 AM
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Rhonda! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Nov 18, 2015 12:47 AM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

I do try and stress that "as is" does not mean the same thing in car shopping that is does in real estate. At least in Florida, you must disclose anything that materially affects the properties value that is not readily observable by the buyer by law. If you know, they must know,  end of story.

Nov 23, 2015 06:46 AM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Welcome to ActiveRain,  it's great to have you aboard.  I look forward to reading more of your posts.

Nov 23, 2015 06:46 AM