Real Estate Word of the Day: "As Is"
Posted by Tom Crimmins Realty on
Real Estate Word of the Day: "As Is"
When it comes to buying or selling real estate, the term "as is" often appears, but what does it really mean? In simple terms, selling a property "as is" means that the seller is offering it in its current condition, without making any repairs or improvements, and without any warranties or guarantees regarding its condition. Essentially, the buyer accepts the property with all its faults, defects, and issues, if any, without the seller being obligated to address them.
For sellers, listing a property "as is" can offer certain advantages. It provides transparency about the property's condition upfront, which can save time and hassle during negotiations. Sellers are not required to invest additional time or money…
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