Property Q&A in Ellijay>Question Details

mimigiron68, Home Buyer in Deland, FL

What makes this home sold as is?

Asked by mimigiron68, Deland, FL Tue Jun 26, 2012

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REO (bank owned) properties are generally sold "as is" without any disclosures as to the condition of the property. Any seller in Georgia can list their property "as is" if they include that clause in the sales contract. You should get a very good/experienced home inspector to evaluate the property thoroughly. Make sure you check the "due diligence" clause in your sales contract. That gives you the option of cancelling the contract and getting your deposit back in the event the home inspection reveals that the property has significant defects.

The POA at CRR has some cash flow problems. A significant number of homeowners and developed lot owners have walked away from their properties and stopped paying the annual assessment. Kyle, the attorney at the CRR POA office can fill you in on the details.
1 vote Thank Flag Link Tue Jun 26, 2012
I am familiar with this home. Kitchen cabinets are not finished, missing appliances and flooring needs replacing. Sellers already bought hard wood floor but not installed it yet. Thus......sold as is. You need to finish or replace the cabinets, install the hard wood floor and I think the deck needs re-painting. Some other misc. repairs are also needed. Great lot by the way.

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Joe Folsom
1 vote Thank Flag Link Tue Jun 26, 2012
Forgot to mention we can bundle the repair cost into a single transaction for you if you like as we offer both repairs and home modifications as well as Real Estate services under one roof. Check us out to learn more at this link:

Joe Folsom
0 votes Thank Flag Link Tue Jun 26, 2012
As-is means the Seller will not pay for any repairs to consummate the sale of the property.
0 votes Thank Flag Link Tue Jun 26, 2012
"as is" usually means that the seller does not plan to fix/correct any problems that may be found upon inspection. This DOES NOT mean that a buyer should not have the home inspected as part of the contingencies in the purchase contract. I recommend to all of my buyers that they have a licenced home inspector inspect the home for any structural and or mechanical issues.
0 votes Thank Flag Link Tue Jun 26, 2012
Any home sold as it simply means the seller will not pay for any repairs or correct anything that needs fixing to the home.

Joe Folsom
0 votes Thank Flag Link Tue Jun 26, 2012
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