On your search to find a new home to buy, you may have come across properties listed ‘’as is’’. So what happens when you purchase a property like this? Is it something you should avoid?
There could be several reasons why a property is listed for sale as is. For some sellers, it is because they do not want to spend time and money fixing the place up just to put it on the market. Another reason is that the seller does not want to be held responsible for anything that goes wrong with the house after it has sold.
Should you avoid buying a house listed ‘’as is’’? If the house is in your desired location and at a price you can afford, there is no reason to avoid it. However, there are steps you should take to make sure you know what you are in for. Even if the house looks like it is in great shape, it may be concealing a lot of problems. The only real way to ensure you are making a wise investment is by having the home thoroughly inspected. A detailed home inspection will show up any major issues with the property that may affect your decision to go ahead with the sale.
In areas where the seller must provide a written disclosure regarding the property’s condition, do you still need to bother with a home inspection? It is always best to have a home inspection, as the seller might have omitted some information that would prove vital in your decision-making.