Posted on: 12th Nov, 2013 11:34 pm
Hello there... My friend is planning to purchase a property which has been listed as “As isâ€. Will it be a good option to go for it? May be the property needs huge improvements which the sellers are not disclosing!
Hi Gawaen,
While purchasing the as is property, it will be better if your friend hires a licensed inspector to inspect it. Also, he or she should be at the house when it's inspected.
Thanks,
Jerry
While purchasing the as is property, it will be better if your friend hires a licensed inspector to inspect it. Also, he or she should be at the house when it's inspected.
Thanks,
Jerry
Hi Gawaen!
Welcome to the forums!
It will be better for your friend to avoid an "as is" property. He can look out for other properties in order to buy one.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
It will be better for your friend to avoid an "as is" property. He can look out for other properties in order to buy one.
Feel free to ask if you've further queries.
Sussane
No one has any idea as to the conditon of the property until you look at it.
It could be fine.
Every appraisal on every purchase is made "as is" unless the appraiser, who is the eyes and ears of the bank, notes something that needs further inspection and sometimes the appriser notes repairs required and estimates the costs of the repairs.
Maybe the seller is just letting buyers know up front that he has no intention of fixing anything before closing or contributing any money back to the buyer for any minor repairs
No one can answer here saying to avoid the property if they hve not seen it themselves.
It could be fine.
Every appraisal on every purchase is made "as is" unless the appraiser, who is the eyes and ears of the bank, notes something that needs further inspection and sometimes the appriser notes repairs required and estimates the costs of the repairs.
Maybe the seller is just letting buyers know up front that he has no intention of fixing anything before closing or contributing any money back to the buyer for any minor repairs
No one can answer here saying to avoid the property if they hve not seen it themselves.
