They decided the "as-is" discount was worth the sweat equity. They signed the final papers, knowing they’d be spending their first weekend in the house with an electrician and a plumber instead of a painter.
"The seller told us upfront they aren't fixing a thing," Marcus reminded them. "So now you have two choices: accept the house and pay for those repairs yourselves after closing, or use your inspection contingency to void the contract and keep looking."
The "scary" water stain in the kitchen was just from an old, already-repaired sink leak.
They hired a meticulous inspector named Dave. For four hours, Dave crawled through the attic and poked at the foundation. Sarah and Leo followed him, pens ready. The Discovery
Despite the "as-is" label, Marcus insisted on an inspection contingency. He explained that "as-is" doesn't mean "buying blind." It just means the seller isn't fixing anything. If the inspection revealed a disaster, Sarah and Leo could still walk away with their earnest money intact.
Sarah and Leo crunched the numbers. The house was priced $40,000 below market value. The electrical and sewer work would cost about $8,000. The Closing
Never skip the inspection. "As-is" simply defines who is responsible for repairs (the buyer), but you still need to know what those repairs are.
Buying | House As Is Contract
They decided the "as-is" discount was worth the sweat equity. They signed the final papers, knowing they’d be spending their first weekend in the house with an electrician and a plumber instead of a painter.
"The seller told us upfront they aren't fixing a thing," Marcus reminded them. "So now you have two choices: accept the house and pay for those repairs yourselves after closing, or use your inspection contingency to void the contract and keep looking."
The "scary" water stain in the kitchen was just from an old, already-repaired sink leak.
They hired a meticulous inspector named Dave. For four hours, Dave crawled through the attic and poked at the foundation. Sarah and Leo followed him, pens ready. The Discovery
Despite the "as-is" label, Marcus insisted on an inspection contingency. He explained that "as-is" doesn't mean "buying blind." It just means the seller isn't fixing anything. If the inspection revealed a disaster, Sarah and Leo could still walk away with their earnest money intact.
Sarah and Leo crunched the numbers. The house was priced $40,000 below market value. The electrical and sewer work would cost about $8,000. The Closing
Never skip the inspection. "As-is" simply defines who is responsible for repairs (the buyer), but you still need to know what those repairs are.
