Sale AS-IS Condition
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Sale AS-IS Condition (by Tima [PA]) Jul 21, 2021 11:57 AM
       Sale AS-IS Condition (by MC [PA]) Jul 21, 2021 12:01 PM
       Sale AS-IS Condition (by Dave [MO]) Jul 21, 2021 1:00 PM
       Sale AS-IS Condition (by Wmh [NC]) Jul 21, 2021 2:38 PM
       Sale AS-IS Condition (by dino [CA]) Jul 21, 2021 3:24 PM
       Sale AS-IS Condition (by dino [CA]) Jul 21, 2021 3:25 PM
       Sale AS-IS Condition (by RB [MI]) Jul 21, 2021 4:25 PM
       Sale AS-IS Condition (by Alan [CA]) Jul 21, 2021 5:32 PM
       Sale AS-IS Condition (by Robert J [CA]) Jul 21, 2021 5:40 PM
       Sale AS-IS Condition (by Sparky [PA]) Jul 21, 2021 7:18 PM
       Sale AS-IS Condition (by FloridaNative [FL]) Jul 22, 2021 7:27 AM

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Sale AS-IS Condition (by Tima [PA]) Posted on: Jul 21, 2021 11:57 AM
Message:

Hi All, I plan to list my rental property for sale "AS-IS CONDITION

Buyer shall inspect the property for informational purposes only." Is the as-is condition clause need to put in advertisement or don't need to. Thank you for any suggestions or questions. --172.58.xxx.xx




Sale AS-IS Condition (by MC [PA]) Posted on: Jul 21, 2021 12:01 PM
Message:

Just saying-everything is negotiable. I would put in the ad. --73.230.xxx.xx




Sale AS-IS Condition (by Dave [MO]) Posted on: Jul 21, 2021 1:00 PM
Message:

"sold as is" in advertisement is the way it should be listed. Then if buyer doesn't like inspections they can walk or negotiate the contract price.

I just bought one "as is condition" I had a home inspection done and found active termites, so seller gave me a $700.00 credit that covered the cost of treatment. --173.47.xxx.xxx




Sale AS-IS Condition (by Wmh [NC]) Posted on: Jul 21, 2021 2:38 PM
Message:

We buy everything as is here. Sometimes we still negotiate. --174.206.x.xxx




Sale AS-IS Condition (by dino [CA]) Posted on: Jul 21, 2021 3:24 PM
Message:

I like to emphasize the "as is" condition for two reasons.

First of all, some buyers feel they might be getting a better deal on "as is" property since they figure they can do whatever work is required more cheaply after they have gotten a discount to reflect the "as is" condition.

Secondly, and most importantly as far as I am concerned, is that I believe that the more I have emphasized the "as is" condition then I feel like I am more protected legally for whatever issue might arise. Obviously, this is no guarantee and you should always consult with experienced lawyer familiar with such issues, but it is an additional item in my favor if issue does arise at a later time.

--76.171.xxx.xxx




Sale AS-IS Condition (by dino [CA]) Posted on: Jul 21, 2021 3:25 PM
Message:

I like to emphasize the "as is" condition for two reasons.

First of all, some buyers feel they might be getting a better deal on "as is" property since they figure they can do whatever work is required more cheaply after they have gotten a discount to reflect the "as is" condition.

Secondly, and most importantly as far as I am concerned, is that I believe that the more I have emphasized the "as is" condition then I feel like I am more protected legally for whatever issue might arise. Obviously, this is no guarantee and you should always consult with experienced lawyer familiar with such issues, but it is an additional item in my favor if issue does arise at a later time.

--76.171.xxx.xxx




Sale AS-IS Condition (by RB [MI]) Posted on: Jul 21, 2021 4:25 PM
Message:

Used cars, residential homes or an Ex-Wife.

AS-IS condition. --24.151.xxx.xx




Sale AS-IS Condition (by Alan [CA]) Posted on: Jul 21, 2021 5:32 PM
Message:

Sure...'As Is' statement is fine but you are still obligated to disclose any known property faults. 'As Is' simply means you are not planning to fix any problems or issues. Of course,the seller will probably try to negotiate a more favorable sale price. --71.198.xxx.xxx




Sale AS-IS Condition (by Robert J [CA]) Posted on: Jul 21, 2021 5:40 PM
Message:

I've sold 2 properties recently using As-IS clauses. One was a 4 bedroom home and the second was a 5 unit apartment property.

With the home, we were selling to a private party, her first home. So my agent did a full disclosure, listing everything we could think of. We must have spent 2 hours going over everything. The buyer purchased this single family home and converted it so a home with 3 apartments, illegal with no-permits. She got caught and then tried to blame us saying some of the conversion was my handy work. All of my remodeling, roof, tile, flooring, plumbing, etc was done with permits. If not for my full disclosure I would been in trouble. The new owners attorney read our 10 page disclosure and told his client she would never prevail on any claims. We disclosed everything and nothing about illegal rooms, units or repairs.

With the units, the buyer was also a broker who owned other property. We did not do a full disclosure. Instead the buyer signed a paper that they planed on knocking down the building at some point and re-build 9 town homes. So the AS-IS clause guarantees nothing. They are paying LAND VALUE! And not for the structure. It is a tear down. --47.155.xx.xxx




Sale AS-IS Condition (by Sparky [PA]) Posted on: Jul 21, 2021 7:18 PM
Message:

I would be sure to lose that "Buyer shall inspect the property for informational purposes only" portion of the quote. --73.40.xxx.xx




Sale AS-IS Condition (by FloridaNative [FL]) Posted on: Jul 22, 2021 7:27 AM
Message:

Agree 100% with Sparky (PA).

Almost every sale here is AS IS and has been for at least 20 yrs. In fact, we have two standard residential P&S contracts, one of which is AS IS and is the one most frequently used. Our inspection period is negotiated (# of days) and the buyer can conduct any and all inspections (or not) and at the end of that period either stay in the deal, cancel or renegotiate. Nothing wrong with saying no to any negotiation after inspection. No need to insert the "informational purposes only" portion - that is redundant because that is exactly what inspections are about.

--104.0.xx.xx



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