Why would you purchase "As Is"?
Maybe there are multiple offers, and perhaps the buyer is comfortable enough to say they will not be asking for repairs. Maybe the buyer is planning to do a significant renovation.
Maybe the buyer wants to use this as a way to negotiate. Perhaps a seller will only sell this way, and the price reflects the "as is" condition.
If you are writing an offer "As Is," you might want to look at how someone will handle this.
I have seen buyers try to negotiate repairs.
Make sure you understand the contract.
Initial only one!
Below is a section of the Maryland Real Estate "AS IS ADDENDUM."
There is the "As Is" without inspections...pretty self-explanatory.
There is the "As Is" with inspections and the right to terminate.
Within a time limit, usually ten days, the buyer chooses an inspector and proceeds with a full inspection. The buyer has the right to withdraw the offer based on that inspection.
Do you have questions about buying or selling your home?
Please call Margaret Rome.