2,684,769
Most Florida real estate brokers, including me, only use As-Is contracts (for example, the form FloridaRealtors/Florida Bar-ASIS-5).
If I have a listing and the showing agent brings a "Seller Warrants" contract, my seller counters with a "K Rider", which makes it As-Is.
I counsel my Buyers that an As-Is contract gives them a 15 day "Free Look" contingency period to have the property inspected. If there are "surprises", they can offer to re-negotiate, or walk away.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
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Eve Alexander
Tampa, FL
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Daniel Lloyd
Holladay, UT
4,584,246
Our state residential purchase agreement states all transactions are sold "as is". This has been the case for many years.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
2,071,025
How is the class, Daniel?
No surprises in our transactions.
Check it - get a professional inspection when the contract is executed. Usually we have 7-15 days to do it.
I prefer to do it within 7 days, before 2nd deposit to be placed.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,554,939
All CA properties sell "as-is". It's up to the buyer to negotiate any repairs. Therefore, have 19 years worth of surprises and too many to list.
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Sam Shueh
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
1,598,452
You see what you get.
We do Inspection in 7-15 days.
In 7 days most of the time.
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
1,208,838
This whole business has nothing but surprises. " as is" is just a shot across the bow as a warning that the seller does not want to may any repairs. But then the question is "how much does the seller actually want to sell the home?" and What type of financing is being used.
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
5,773,261
Daniel,
No surprises, when dot every "i" and cross every "t". A
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
2,195,399
Usually a fixer upper
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Valeria Mola
Sunny Isles Beach, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
2,785,456
Yes to suprises if it does not state after the words AS-IS AS-DISCLOSED
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
7,870,977
Yes, many times. To be expected when you deal with foreclosures.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
5,583,328
most resales that shout out "as is" have some give to those two words....
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
5,258,256
Our Contracts ARE As-Is. We have the necessary inspections and request that the sellers address the items that the buyers just can't live without being repaired. If they make repairs, great. If not, the buyers decide if they wish to move forward with the transaction.
Easy-peasy!
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
5,245,501
Sure, people sometimes lie and some of them get caught and held liable!
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Valeria Mola
Sunny Isles Beach, FL
5,116,528
Technically our contracts say property is being purchased as is. Buyers have the option of doing inspections during due diligence, negotiating repairs or walking away from the contract. When we've had surprises it's usually not because of any "as is" provision, but unknown issues from inspections.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Richard Weeks
Dallas, TX
2,402,654
No I have not.
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
1,202,572
I don't know of too many transactions that don't contain a surprise or 2.
If truly as is I put "As Is, Where Is With All Faults"
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
2,190,182
"As is" does not mean without an inspection. Once the inspection is complete the negotiations can be finalized. In my area, "as is" usually means the seller is not willing to pay for any repairs. It does not mean theyy are trying to hide defects.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
6,424,873
Depends on what you mean by surprise.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
921,504
You bet.
However, surprises are actually related to agents not understanding what 'As Is' means.
,.......and here's the repair request!
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
3,416,038
There is always surprises as is that is why they are selling it as is. I tell my buyers and also practice myself when i buy and sell, i inspect upon seeing it and make my offer reflective of what red flags i see.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
4,906,660
No because our contract is an 'as is' contract, and we get an inspection.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
1,093,447
Most agents here use the "As Is" contract and the inspection period gives buyers time for inspections and due diligence which help eliminate surprises.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
1,242,204
100% of local home sellers for years here only will consider selling their home as is. As people tour through they are expected to release all contingency including inspection , appraisal and loan at the time off making an offer.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
3,860
I have personally purchased 15 houses this year As-Is with no inspection contingency. There have been surprises in each one and I plan on there being surprises. I'm typically buying .40-.60 on the dollar and have at least 10% factored in my rehab budget for surprises. If your clients are buying something with deferred maintenance then they should plan on surprise overages as well.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
3,986,308
Every now and again surprises pop up on.
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
1,712,876
I have never done that, always subject to inspection.
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
3,988,013
There are always surprises with as is properties so plan for that when making an offer.
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
2,222,281
1,506,923
3,350,589
Most of my listings are "as is" ... no issues. If it comes up after the buyer is in contract, I am happy to educate them on what it really means.
Representing a buyer, I explain it in detail ... if an opportunity presents itself to open the "as is" door, for example, Seller failed to disclose, you bet I am going after it ... and 99.9% of the time, seller ante's up.
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Debe Maxwell, CRS
Charlotte, NC
759,935
In CT most As Is sales are short sales or foreclosures & that's just how they're sold. The buyer needs to do their due diligence before committing to an As Is sale. A lot of those purchasers are savvy in this but for those who aren't I'll guide them through the most important things to watch out for. We don't like surprises unless they're Birthday parties.
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Debe Maxwell, CRS
Charlotte, NC
4,800,132
There are always surprises no matter how you buy the home.
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Doug Dawes
Topsfield, MA
1,574,246
"As-is" is often mistaken by sellers to mean that they are not responsible or can be held liable for any non-disclosure. In CA we have a Transfer Disclosure Statement which has been codified. Basically, what it means is that "As-is" means "As-Disclosed" unless the property is exempt from the TDS, such as a REO, or Tax sale, etc.
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Doug Dawes
Topsfield, MA
4,967,166
5,879,696
Even though a listing agent may SAY AS IS, buyer still has the right to do an inspection, and terminate.
4,434,177
991,752
IMO "as-is" doesn't really exist - sellers can say they are selling "as-is" all they want, but buyers are always permitted to inspect and ask - whether the seller negotiates is another matter all together
5,034,260
Our state residential purchase agreement states all transactions are sold "as is". There is a negotiated option period for buyer to have an inspection. Most always the seller will negotiate repairs.