🏠 Be Careful of “As-Is” Properties!

marketing928870
Oct 9
2 min read

When you see “As-Is” on a property listing, it means the seller isn’t planning to make repairs or offer credits but that doesn’t mean you should skip your due diligence! Here’s what every buyer should know before moving forward 👇 — When you see **“As-Is”** on a property listing, it means the seller isn’t planning to make repairs or offer credits but that doesn’t mean you should skip your due diligence! Here’s what every buyer should know before moving forward 👇

🔹 1. Property Condition:

You’re purchasing the home in its current state. Always schedule a professional home inspection to uncover any hidden issues like foundation cracks, roof leaks, or plumbing problems.

🔹 2. Clear Title:

“As-Is” does not mean unclear ownership. Your attorney or title company should confirm that the property has a clean title, free of liens, judgments, or unpaid debts.

🔹 3. Permits & Violations:

Check with the local building department for any open permits, unpermitted work, or code violations. These issues can cause major delays in closing or cost you big later.

🔹 4. Liens & Taxes:

Ensure all property taxes and utility bills are current and that no hidden financial obligations are attached to the property.

🔹 5. Contingencies:

Protect yourself by keeping inspection, title, and mortgage contingencies in your offer. This gives you flexibility if something unexpected comes up during the process.

🔹 6. Legal Review:

Before signing anything, have a real estate attorney review all documents. “As-Is” should never mean giving up your rights it simply means you’re informed and prepared.