The Truth About As-Is Home Purchases
Posted by MaxWell Realty Admin on
What "As-Is" Really Means When Buying a Home
The words "as-is" in a real estate listing have a way of stopping buyers in their tracks. The phrase carries an implied warning — this home has issues, and we're not going to fix them. Proceed with caution, or better yet, proceed elsewhere.
That reaction is understandable, but it's not always accurate. "As-is" is one of the most misunderstood terms in real estate, and the misunderstanding goes both ways — buyers sometimes avoid as-is properties they should have considered, and sometimes accept conditions in as-is purchases they absolutely shouldn't have.
Here's what the term actually means, what it doesn't mean, and how to protect yourself when it's part of the deal.
What "As-Is" Actually Means
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