“AS-IS” sales are becoming more and more popular as home inventory gets tighter and buyers are trying to make their offer the winning one.
But what does that actually mean for you?
#1. what is an "as-is" sale?
An “AS-IS” sale is a common way of saying that the buyer and seller include a contract clause where the buyer promises that after doing the home inspection, the buyer won’t be asking the seller for any repairs or money. This does NOT waive the buyer’s right to do an inspection (unless that was waived in another clause, but that’s a separate topic). It also does NOT waive the buyer’s right to back out of the deal if you don’t like the inspection results and if your contract has that option. It’s just a way of making your offer easier on…
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