Article by T.J. Porter
Featured Expertise by Jason Gelios
When you’re a first-time homebuyer looking through home listings or touring homes, you may come across houses for sale “as is.” It may seem like all homes come as they are, but in real estate, the term “as is” has a specific meaning that’s important for homebuyers to understand.
What ‘As Is’ Means
Buying a home as is means the seller won’t make repairs or improvements before closing. It also means the seller won’t provide a seller’s disclosure or credits for potential defects, and is making no guarantees that the home is in good condition.
“Purchasing a home as is simply means the buyer is agreeing to purchase a home, in its current condition, without the seller making any repairs or changes to the property,” says Jason Gelios, a Birmingham, Michigan-based Realtor and author. “The buyer will be responsible for making any repairs needed after closing.”
Jason Gelios is a Husband and Father. After that, a Top Producing REALTOR®, Author of the books 'Think like a REALTOR®' and 'Beating The Force Of Average', Creator of The AskJasonGelios Real Estate Show and Expert Media Contributor to media outlets across the country.