Selling or Buying Real Estate AS-IS may not mean what you think.

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[@michaelmatusa11]

I have seen counter offers that add "as is". Just tells me that the seller thinks he has given in enough on price and is not going to fix anything that comes up in the inspection. Buyer can still back out if inspection is not satisfactory.

[@Rickhelps]

You are correct. There is not a need for a counter offer to say as is. Just wait for the inspection response and address requests for repairs. As a seller you can say no to all of them. Tactically the buyer may still want to close on the home. Especially if the repairs are minor and they have already spent $600 for the inspection. Sellers tend to dig in too hard too early.

[@user-mz3yw6cb7d]

very informative video! it's refreshing to see a realtor kick some knowledge about the process and the market without bias

[@Rickhelps]

I appreciate that!

[@StephanieHughesDesign]

Thanks Rick, this is good news and clears up any confusion on the suhject. Very helpful.

[@Rickhelps]

Glad to help

[@markalpert5428]

Fix the typo in the heading, "mean" not "meant." I just assume "as is" means they aren't going to agree to any repairs. Legal or not, it is never a good idea to hide known defects from the buyer and immoral to boot.

[@Rickhelps]

Thanks for the typo catch. As is means that sellers are not contractually obligated to make repairs. However it also means that buyers are not obligated to accept a house in disrepair. That is what the inspection period is for and the negotiating begins. It is also required that both the listing agent and seller disclose any material facts about the property. Lack of doing so could result in litigation.

[@markalpert5428]

@@Rickhelps I mentioned that because I think some people have the mistaken belief that "as is" means "I don't have to disclose known defects" As you note, it does not.

[@threeftr3349]

I just replaced the underlayment on my tile roof. There are many different underlayment's. In March my neighbor was selling their house, and I saw a roofing company come out go on the roof, do some quick measurements, then proceeded to move tiles, in the middle of the roof by a vent, trying to see the underlayment. then quickly left. The roof is 24 years old. The guy was only there maybe 10 min, at the most. My concern was he could have damaged those tiles, or not put them back correctly. Do you hear of damages occurring during the inspection period?

[@Rickhelps]

It is rare. Most roof inspectors know they will be accused of damaging the roof when they walk on it so they are extra careful and for the most part know what they are doing. Of course there is always the one off that breaks a tile. The reason he looked at the middle of the roof vs the edge is the underlayment on the edge is the first part to get brittle. But if the middle is brittle it means you need a new layer.

[@lovly2cu725]

I didn't know as is was in the conyract

[@lovly2cu725]

My electric bill may be different than yours, same house