Buying Tip: AS-IS vs. Not As-Is

With an as-is sale, you would do inspections during the contingency period and the seller wouldn't do any repairs. If you don't like what comes out in the inspection you can back out and get your deposit back as long as it is still during the contingency period. You could try asking the seller for a credit off the purchase price if the something major comes up but they may or may not approve that.

With a regular sale, you would do inspections during the contingency period and would then ask the seller to fix any of the warranted items before closing. Warranted items include heating, cooling, electrical, plumbing, appliances, well, septic, security system, pool, or spa, and up to 2% of the purchase price in wood rot repairs. You could ask for other items to be fixed but it would be up to the seller on if they will do those repairs or not.

Feel free to contact me with any questions about real estate or property management!