What Does As Is Mean in Real Estate?
As Is: A sale where the seller won't make repairs, though the buyer can usually still inspect.
A home sold "as is" means the seller won't make repairs or offer credits for the home's condition. It doesn't usually mean you can't inspect.
What it means for you
- You can typically still do a home inspection and cancel during your inspection contingency
- The seller still has to make legally required disclosures in most states
- Price usually reflects the condition
Financing
FHA, VA and USDA appraisals can require repairs for safety and soundness. If the seller won't make them, the loan may not close. Conventional loans and fix and flip loans are often a better fit for as-is homes needing work.