Why Is This Home Being Sold In AS IS Condition?


Why Is This Home Being Sold In AS IS Condition?
By Scott Rogers • July 28, 2020
Sometimes a seller is stating this as soon as they list a property: All inspections are for informational purposes only. or This house is being sold in "as is" condition. And, sometimes a seller will introduce this amidst negotiations. This can certainly trigger some warning signals for a buyer......but should it? Here are the top three innocent reasons why a seller would want a home inspection to be for informational purposes only.... They are done negotiating on price and want it to be very clear that they are not going to negotiate further on price based on whatever you might discover during your home inspection. The house is old, and the seller doesn't want to deal with repairs requests that are mainly related to the fact that the house is old. The house is unfamiliar to the seller, perhaps because it has been a rental property, and thus the seller hasn't been making small needed maintenance upgrades over time that only an owner occupant would now about --- and thus the seller doesn't want you to nitpick over those details through the inspection process. So, as you can see, it's not ALL bad if a seller wants an inspection to be for informational purposes only --- though I would still suggest (in such a situation) that you reserve the right to reconsider the purchase on the basis of the home inspection, just in case a big issue is discovered. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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