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Reply to "If a house is being sold "As is" should we assume there's a problem?"
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[quote=Anonymous][quote=Anonymous]NP agent here: as-is doesn't mean today what it meant 10-15 years ago. Unless my client is listing in a 30-45 day area, I always advise listing as-is. It just speeds up the process and makes everyone aware up front that there is no inspection contingency. As others noted, all major known defects must be disclosed anyway, and a buyer is almost always welcome to do an inspection post-deposit without any recourse to my seller. I work mainly in Bethesda and Downtown Silver Spring - it is possible that in other areas (especially VA, where I do not work) that there are different customs or perceptions.[/quote] When are major known defects supposed to be disclosed?? Is that only on as-is sales? I was under the impression that it's "buyer beware" and sellers don't have to tell you anything. [/quote]
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