I feel that although the contract is written "AS-IS", not ALL problems or issues with the short sale or auction home are readily observable to the general public and certainly agents as well. With the 'right to inspect', at least if something that is totally unacceptable is revealed through inspection, my Buyer can walk away. In my eyes, it is"as-is" only to the point of what is readily observable within reason. We can all tell if a roof is getting to the end of it's life or an AC unit is rusting and not holding up well, but we cannot tell if the foundation is cracking or there are septic tank/plumbing issues for example. I do not want my buyers purchasing an property with hidden defects that may show up days, weeks or months later. It is for their protection.
Holly Hayes... more