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Updated about 6 years ago on . Most recent reply
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AS IS clause but I still want an inspection
Hi All,
So I put an offer on a single family home that I am planning on rehabbing and renting out. The sellers stated that they are unwilling to negotiate anymore on the price and will not make any repairs that we may request, essentially selling it as-is. We understand that the sellers want to sell the house as-is, do not want to make repairs, and do not want to negotiate on the sale price. Do we as buyers still have the right to do a home inspection and walk away from the deal if something significant comes up during the home inspection? Or does the "as-is" prevent us to walk away, no matter what the findings of the home inspection discovers?
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Yes, if your contract allows for it. You can make it clear - in writing - that you want to inspect so you can start planning for improvements immediately after closing. I've done this before and it's never been a problem. Put it in writing and be very clear that you won't attempt to renegotiate the price or ask for repairs.
- Nathan Gesner
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