Listen ""As Is" Home Sale"
Episode Synopsis
🔍 What "As-Is" Really Means: • The buyer gets the property exactly as it stands, with all its flaws—visible or hidden. • The seller makes no guarantees about the home's condition. • The seller won't fix any issues found during the home inspection. • The buyer still has the right to inspect the property, and can walk away or negotiate based on what's found—but the seller isn't obligated to fix anything. ⸻ 🛠 Common Reasons Homes Are Sold As-Is: • Distressed property or fixer-upper. • Estate sales or inherited homes. • Seller is financially unable or unwilling to make repairs. • Investor-owned property. ⸻ ⚠️ Important Notes for Buyers: • Get an inspection—even if the seller won't fix anything, you need to know what you're getting into. • Check disclosure laws in your state—some still require sellers to disclose known issues (like mold, roof leaks, or foundation problems). • Be ready to handle repairs post-purchase, possibly major ones. ⸻ 💬 Real-World Example: A home listed "as-is" might have an aging roof, outdated wiring, or plumbing issues. The seller says: "Here it is, take it or leave it." You can still have an inspection—but if the inspector finds problems, the seller won't negotiate or fix them. You either accept it or back out (assuming your contract allows it). House Keys is brought to you by Mountain Retreat Realty Experts https://mtnretreatrealty.com
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