#RealEstate #RealEstateMarket #HousingMarket
Subscribe for More Real Estate Tips and Real Estate Information – https://goo.gl/NZB1S6
What does as is mean in real estate?
When selling a property as is, it generally means that you are selling the home in its current condition without any repairs being considered.
When buying a property as is, it generally means that the Seller of the home that you are purchasing isn’t willing to consider any repairs on the home and that you are buying the home in its current condition.
Can you sell a house as is?
Yes, you can definitely sell a home as is but keep in mind that doesn’t mean that you don’t have to disclose what you know about the home to the Buyer. In an as is sell you still have to be completely forthright with anything you know about the home.
Keep in mind that even though the property is being sold as is doesn’t mean that the buyer can’t still ask for repairs. The buyer can always ask for items to be repaired but that doesn’t mean that you are required to complete them.
Buying a home as is
If you are buying a house as is, make sure that you are getting a thorough home inspection prior to releasing your contingencies. You need to make sure that your home inspector is checking for structural problems, mold or mildew problems, termite damage, the roof, HVAC system,, plumbing, electrical, etc….
Essentially your home inspector should be checking these anyway but when a home is being sold as-is there is usually a reason for it and you just have to be careful.
Can I still get an inspection on a house that is being sold as is?
Yes, unless you waive the inspection contingency you have every right to get an inspection on the home. In fact, I would highly suggest that every Buyer get a home inspection on a property regardless of how the home is being sold, the age of the home or even if a prior inspection was completed on the home.
Why would someone sell a house as is?
In my experience there are only a few reasons that people sell a home as is and it’s because they either don’t have the money to repair the items, the extent of the repairs is just too much or it could be a home that is being passed along to another family member and they just want to sell the home as quickly as possible and not worry about repairs or fixing items.
Connect with me:
B L O G ➳ http://www.jebsmith.net/blog
F A C E B O O K ➳ https://www.facebook.com/cbhbrealtor
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
Other videos you might find helpful:
October 2019 Real Estate Market Update – Pending Home Sales Grow 1.6% in August – https://youtu.be/irxqqvxpqBg
What STAYS when BUYING or SELLING a Home? – https://youtu.be/XH6c9-omN24
Selling a house with SOLAR PANELS – Are Solar Panels Worth it – https://youtu.be/X8hlnByc2pc
What is a POCKET LISTING – https://youtu.be/D7JJhy7RAd4
Appraisal vs Home Inspection – What’s the Difference? – https://youtu.be/cwjokWbr1Go
What is a SELLERS Market? Is 2020 a BUYER or SELLERS Market? –https://youtu.be/dtuaYc143vg