When Is AS IS Not Necessarily AS IS... Episode 271
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When Is AS IS Not Necessarily AS IS... Episode 271
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When Is AS IS Not Necessarily AS IS...
...Especially when things go sideways without warning
The #1 thing that seems to go wrong
are issues that pop up during the inspection period
that no one could have predicted upfront
- the seller may not have been aware
- the buyer didn't see it during the showing
- the agents didn't notice it during the showing
- the issue may have occurred after the showing
so does that mean the buyer is "stuck" with that issue
or is there some recourse for them if they want it resolved
most purchase contracts have an inspection period
and a buyer can request items to be repaired/replaced
the seller is under no obligation to agree to the requests
but many will agree to do some/all of what the buyer asks for
as the buyer does have the right to cancel the contract
and get their escrow deposit back
as long as they cancel within the inspection period
AS IS contracts are used in the majority of home sales
understanding the nuances of the agreements is critical
today's show breaks it all down for you
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