Deal or Deadly decision? "As is" homes

Take it or leave it: As Is homes.

When a seller has listed a home as as is, it means that they are not wiling to negotiate with the buyers regarding any terms. Buyers should have inspections done in every circumstance, but even more so when purchasing an as is property.

The buyer has the right to have an inspection, but is still agreeing to take the property as is, despite the findings of a home inspection. The buyer is agreeing that they will take care of any repairs or other costs necessary.

Just because a home is as is does not mean that there is something wrong with the home. Many times, sellers list as is when they are wanting to sale as fast as possible and hoping to find buyers ready to purchase asap. However, an as is listing is more risky, which is why home inspections can't be stressed enough.

If a seller adds the "as is" clause to the contract and the buyer agrees to it, nothing except the smoke detectors, which are required by local law, needs to work properly.

With an as is property, buyers need to understand that they are taking on a risk; what you see is what you get. (You can't always see mold inside a house, doesn't mean it's not there)