Is AS-IS the ultimate cop out? Nope, but you might be surprised at how many times as-is in a listing turns into a complete misunderstanding, or worse! I have seen:
1. Buyers pass up a perfectly good house (seriously, nothing actually wrong with it) because the listing said “as is” and so the buyer assumed there were problems.
2. Listing agents think that since “as is” was in the MLS, buyers couldn’t negotiate repairs. (Spoiler alert: we did, and the seller agreed to them! )
3. New agents submit a buyer’s offer “as-is” when they really meant “pass/fail” (spoiler alert: the words in the contract matter)
4. Sellers do not understand that as-is does not let them off the hook for later damage. If winds blow the roof off or a water heater floods the house, that’s not something the seller gets to walk away from.
Did you know that? Does it make you feel differently about the term AS-IS? Comment below!
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