Selling a home as is
Technically, when a real estate agent lists a house to sell as is, it means the homeowner is selling the home in its current condition, and will make no repairs or improvements before the sale (or negotiate with the buyer for any credits to fund these fix-its).
What does it mean to sell a house as is?
What Selling as is Means. Selling a house as is refers to selling the property in its current state. The seller and buyer must also be in complete agreement about the fact that repairs won’t be made and that the house comes with any and all of its current problems.
When should I sell my house as is?
Here’s the formal definition: Selling “as-is” means selling the house in its present condition or as it exists immediately prior to closing, even if there is property damage or defects, without the seller making or paying for modifications or repairs.
WHAT IS AS IS condition in real estate?
“As is” denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item “with all faults”, whether or not immediately apparent.
Are most homes sold as is?
Most homes are sold ‘as is. As the Agreement notes, ‘as is’ means that the Seller is not making any warranties about the condition of the property. Selling ‘as is’ does not necessarily mean that anything is wrong with the property.