What “As Is” in Real Estate Means

[Jorge Vazquez]

When a homeowner tacks “as is” on a house sales listing, the listing usually doesn’t refer to a perfect, ready-to-move-into home. An “as is” listing typically refers to a property needing repairs, and the homeowner won’t make improvements or repairs before selling it.

Usually, homeowners sell their houses “as is” to save time and money. What the seller wants is to sell the house in its present condition.

If you’re a homebuyer, you might be taking a considerable risk by purchasing an “as-is” property. Any problems the property may have will be your responsibility. Moreover, selling “as is” means the seller may not be required to produce a Seller’s Disclosure, so consult local laws for the required disclosure requirements.