"sold as is"

[Anonymous]

I was under the impression that lots of people sell houses as-is in this area. Huh.

[Anonymous]

Anonymous wrote:I was under the impression that lots of people sell houses as-is in this area. Huh.

They do. My house is currently listed as is because as a PP said, we will essentially be breaking even on the sale and are not in a position to fix anything major or minor, but as far as we know, there is nothing wrong with our house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?

Usually, yes. Just means that it is for your info only. They are not fixing anything.

We did this. Ours was an estate sale. We asked for informational only knowing the house at least had cometic issues and needed complete updating. We were more concerned about structural or any other issues. Sellers had no issue with us doing and and inspector said it was a good sturdy house (and gave us suggestions on what had to be done then vs. what can wait).

[Anonymous]

Anonymous wrote:

Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?

Usually, yes. Just means that it is for your info only. They are not fixing anything.

+1 I purchased an "as is" house. I just wanted to know how much I had to fix and what was the highest priority.

Best investment I have ever made.

[Anonymous]

Just because a house is 'listed as-is' does not mean you cannot have a home inspection or a general inspection. (Home inspection allowing you to negotiate, and a general inspection- allowing you to kick out, for information purposes only). Something that is listed as is- is merely a suggestion as to how the seller would like to negotiate the contract. For it to really be sold as-is, both seller and buyer would have to include and sign off on an 'as-is clause'. Also- what buyers/sellers think of as as-is has nothing to do with what is outlined in the contract.

[Anonymous]

We bought an as is house, had an inspection contingency and negotiated $5k off. It needed more repairs than that but we knew what we were getting into

[Anonymous]

I sold a house in the past year "as is" and priced the house accordingly (to sell quickly). It was an estate sale and I did not have full knowledge of the condition of systems in the house, but knew they all worked. I knew things were structurally sound. The buyers had an inspection, which seemingly turned up no issues since I was not asked to repair anything. I did purchase a home warranty for the buyers in the event something should happen to an appliance or system within the first year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If a house is listed as "sold as is", is it possible to have a home inspection contingency?

Sure. They may grant it, but they won't knock the price down for anything you find.

You don't have to waive inspection. It gives you an out if what you find is too much to handle. In our case, we bought an estate sale, listed "as is" mainly because the seller didn't know every detail of the house's condition. We got a great house that way.

Ditto. Our house turned out to be in very good condition. Though it did, of course, have the pink tile in the bathroom that another PP mentioned.

[Anonymous]

Homes using the MRIS regional form are all sold as is. They made this change about a year or so ago.

We bought as is. Still did an inspection and added a contingency in our offer.

[Anonymous]

Anonymous wrote:I am an agent and this was not explained correctly at all.

You definitely ARE an agent! LOL

[Anonymous]

Anonymous wrote:seriously? sold as is means it is faling down and it is a tear down

no it does not. I bought my house "as is" and it was neither of those things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am an agent and this was not explained correctly at all.

right. the word "contingency" there is the show-stopper. a "as-is" seller won't entertain a contract with a home inspection CONTINGENCY that has to be lifted.

they would probably allow you to conduct an informational inspection.

as-is can mean anything from "falling down" to "most systems need to be replaced" to "formica counters in the kitchen and pink tile in the loo." Or some combination thereof.

p.s. i'm not an agent.

Incorrect. typically you put in the contingency but you agree that you will not ask for anything to be fixed. It enables you to send in an inspector and get information. It is not a negotiation point for getting things fixed as the sale is as is.