House For Sale "As Is": What Does That Mean for Buyers?

Selling a home “as is” is a pretty sweet deal for sellers. In this scenario, sellers are not prepared to spend the time and money making repairs and/or putting a shine on those stainless-steel appliances. But what does an "as is" sale mean for buyers? When looking through property listings and seeing the term “as is,” some see it as a warning. Others, such as real estate investors, may see a house selling “as is” as an opportunity, one that might get prospective buyers to wonder what exactly “as is” means. Why sell a home “as is”? In California, the standard purchase agreement contains verbiage stating that, “Unless otherwise agreed in writing, the property is sold “AS IS.” Most often, when

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Doug Colliflower

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