Home Buying in Cabazon>Question Details

Roxann Adam, Home Buyer in Wisconsin

Sold AS-IS with no warranties expressed or implied. What does this REALLY mean??

Asked by Roxann Adam, Wisconsin Wed Mar 13, 2013

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8
It means the seller will do nothing to change the current condition of the property.
0 votes Thank Flag Link Wed Mar 13, 2013
What it really means is that they sellers are staking out ground that they will not do any repairs or give any credits. In reality, this is not always the case, particularly if major issues are uncovered.

Have inspections done by licensed inspectors and go from there. If things are bad and the sellers won't budge you can always bail out of the deal.
0 votes Thank Flag Link Wed Mar 13, 2013
It just means that current owner of the property is not willing to do any repairs. When buying home as is make sure to do inspection by licensed inspector and if he finds major problems with the home you can withdraw from the contract or try to negotiate with the seller to pitch in for the repairs.

Paul Fijalkowski
Coldwell Banker Residential Brokerage
0 votes Thank Flag Link Wed Mar 13, 2013
It means you are buying the house the way it sits. No changes will be done. They are not going to guarantee the house.
0 votes Thank Flag Link Wed Mar 13, 2013
Buyer beware!
Know what you are getting.
Don't buy without thorough inspections performed by qualified, insured professionals.
There is no one to complain to ... no one to sue. The property and all of its faults becomes yours at closing.
0 votes Thank Flag Link Wed Mar 13, 2013
It means, Sold AS-sin garantias expresas o tacitas.

Or, you buy any problems the property may have.

Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
Web Reference: http://jamessimms.com/
0 votes Thank Flag Link Wed Mar 13, 2013
It means; "what you see, is what you get".
You really need to do your Inspections for three reasons;
If there is something BIG wrong, you can back out of the deal, (if you have the Contingency).
You will need the Inspections to get a HOME WARRANTY.
And, you will be aware of what you will be contending with.

You and your Realtor can factor in the repairs/upgrading to see if your Offer is realistic,
0 votes Thank Flag Link Wed Mar 13, 2013
It means the seller is unable (because they have never lived in the property) or are unwilling to represent the size or condition of the property. Also they are not willing to make any repairs. This is normally the case with REO and flipped properties.
Good luck
0 votes Thank Flag Link Wed Mar 13, 2013
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