"sold as is"

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.

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11/22/2013 18:09

Subject: "sold as is"

quote

Anonymous

We got an information-only inspection contingency. We had seven days to do the inspection, and decide if we were going to continue with the sale. The inspection turned up some issues that made us want to walk, and when we told the seller, she came down on price to offset the cost of repair/replacement.

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11/22/2013 19:24

Subject: Re:"sold as is"

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Anonymous

We bought an as-is house, with an inspection contingency, which found a few issues, namely radon and an underground fuel storage tank and negotiated some cash to fix them. This was a year ago though.

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11/22/2013 19:58

Subject: "sold as is"

quote

Anonymous

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

+1. Also an agent. No idea what kind of advice this is, but definitely not how I would advise my client.

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11/22/2013 20:10

Subject: "sold as is"

quote

Anonymous

We bought as is with a home inspection contingency. It just meant we couldn't negotiate for repairs, but we could have decided not to continue with the sale based on the results of the inspection. It was an estate sale.

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11/22/2013 20:27

Subject: "sold as is"

quote

Anonymous

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.

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11/22/2013 20:55

Subject: "sold as is"

quote

Anonymous

I sold a house as-is recently because I was only making a few thousand on the transaction and didn't want to put any more money into the place if an inspection turned up something serious. The buyer did have an inspection contingency in their contract, did get an inspection, and thus knew what (if anything) would require repair. Nothing major came to light and they bought the place.