The term, “as is ,” means that a seller has decided in advance of soliciting offers that he or she will not make any repairs to the listed property. · navigate the complexities of as- is clauses in contracts. · sometimes when a property is listed for sale , it is advertised “as- is ,” but there may be some confusion as to what this term actually means. · if the box is marked as is , the small print underneath reads: That means if you sign the papers and drive off the lot and. Ever been to a garage sale and come across an intriguing item labeled ‘as is ’? The dealer does not provide a warranty for any repairs after sale. In addition, it means the seller will not repair any property defects. This guide clarifies its meaning , scope, and impact on property condition and legal obligations. Buying a home (or other property offered for sale ) “as is ” means the seller makes no warranties or representations about the property’s condition. The seller will not make any repairs, improvements, or offer credits before closing. Disclosing this decision to prospective buyers puts them on notice that the seller will not make any repairs regardless of the results of inspections. Some may believe that “as- is ” acts like a magic wand that absolves the seller of all responsibility in a real estate transaction. · when a seller lists a home “as- is ,” it means the property is being sold in its current condition. Whether youre a bargain hunter, a legal eagle negotiating contracts, or a tech-savvy shopper browsing online platforms like ebay, the term as is is more than just a mundane tag.

📖 Continue Reading: