Ok, so I'm looking at this house as rental property. It was built in 1990, recently renovated, and I've had excellent luck with this same style of house for renting.
We know the HVAC is on its last leg, but everything else *appears* to be pretty solid. My realtor suggested putting in an "as-is" offer to incentivize the seller to give us a bigger break on the price. Is this advisable? No disclosures were made on the listing (termite inspection or otherwise) but it was not listed as an "as-is" property either.
I've never worked with this particular agent before, but he seems solid. Still--trust but verify and all that.
It depends on the property. Only time I advise "As Is" is when a home needs everything or it is newer. Here in KC we have 3 options with a "In Its Present Condition" 1) You can conduct inspections ask for repairs but seller isn't obligated to repair anything 2) You can conduct inspections but can't ask for repairs 3) Waiving the right to do inspections. I'd imagine he is advising the 3rd option. If the bones seem solid do it but i'd factor a 5K just in case to your numbers.
Here, 95% of all contracts are As Is. It doesn’t mean you don’t get an inspection period/contingency....it simply means the seller is not agreeing In Advance to do any repairs that may be required for traditional financing.