What does “As Is” really mean when selling a house?
Great question. Simple Meaning: You are selling the house in its exact current condition.
Your Promise: You will make NO repairs, NO renovations, and NO financial credits for any issues found.
Buyer’s Role: The buyer accepts the property with all its visible and hidden flaws.
Does “As Is” mean I can hide problems?
NO. You are still legally required to disclose all known major defects (like a bad roof or foundation issues).
“As Is” only means you won’t fix them; it does not protect you if you deliberately hide a serious problem you were aware of.
What are the main benefits of selling “As Is”?
Saves Time & Money: You spend nothing on repairs, cleaning, or staging.
Fast Closing: You can sell and close much faster, especially to cash buyers (often in weeks, not months).
Zero Hassle: You avoid dealing with contractors and lengthy, stressful negotiations over inspection findings.
What are the main drawbacks?
Lower Price: You will likely get a lower price than if the home were fixed up. Buyers subtract repair costs and add a risk premium.
Fewer Buyers: You mostly attract investors and flippers, as most traditional buyers want move-in-ready homes.
Financing Risk: Traditional buyers may struggle to get a mortgage if the home needs major structural or safety repairs.
Can the buyer still walk away after an inspection?
YES. Even with an “As Is” contract, the buyer can typically still include an inspection contingency.
If the inspection reveals serious, deal-breaking issues, the buyer can often walk away or still try to negotiate a lower price.
What are my two main selling options?
Use a Real Estate Agent:
- Goal: Highest potential price.
- Process: Longer sale time; you still have showings and may have difficult price negotiations.
Sell to a Cash Buyer/Investor (Like Us):
Process: Quick offer, no showings, no fees, and the deal is guaranteed (since we pay cash). [This is the best option for speed and certainty, especially with tax issues.]
Goal: Fastest, most guaranteed closing.