Spam prevention
Rainmaker
605,070
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

No,  because I explain it to them.

If there is an inspection contingency in the contract, the "AS IS" means pretty much nothing.

"AS IS" only means that the seller is not wanting to fix anything.  It does not mean that you cannot re-negotiate any problems or that the seller really will not fix anthing.

Eve

Oct 06, 2020 08:20 AM
Rainmaker
1,362,068
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No, all homes are sold as-is in California.  It's in the purchase contract.

Oct 06, 2020 09:56 AM
Ambassador
3,001,987
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Not in California.  The purchase contracts are "AS-IS" which is among the many reasons I recommend sellers get pre-listing inspections and disclose and repair/replace things if necessary.

Oct 06, 2020 07:31 AM
Rainmaker
5,369,433
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Like with all things, it depends on the marketplace.  Here in Santa Barbara, it would be sold in no time...A

Oct 06, 2020 07:07 AM
Rainmaker
869,221
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Our AZ RPCs are all conveying the home 'in substantially the same condition as at time of Contract' so it's 'as is' there.

Should the marketing state 'as is'? Probably not.

AS IS means seller doesn't have to repair anything.

Doesn't preclude buyer from asking.

Let the games begin!

Put 'what you want' in the Contract going in. Save trouble and time!

We recently provided that well convey 'fully operational' and the tank was bad so seller HAD to replace it. No negotiations necessary.

Our job does require foresight!

Oct 06, 2020 03:22 PM
Rainmaker
868,649
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Listing a home "as is" is a signal to buyers that the seller does not want to make any repairs. Buyers can be guided in making their offers based upon the current condition of the property.

Of course, every seller would like to sell "as is". Repairs and betterments cost money. In a strong sellers' market we see many "as is" sales as buyers have little leverage in multiple offer transactions.

When it is a buyers' market, buyers have the opportunity to negotiate and sellers often end up making concessions, giving credits or making repairs they wish they did not have to make...in order to preserve a transaction.

Oct 06, 2020 10:47 AM
Rainmaker
4,737,836
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Denver all the bottom feeders will be out looking for that deal!   In our market, not even the fixers are good deals.

Oct 06, 2020 10:38 AM
Rainer
133,423
Ken Jones, ASA | Broker & Appraiser
Kenneth J. Jones, Inc./Global Valuations - Newark, NJ
Commercial Real Estate Broker & Appraiser

Peter Mohylsky. Beach Expert The only time I'd ever post or advertise a listing using the term "as is" would be in the case of a building that was going to be sold to a flipper.

If a seller is insistent on selling strictly "as is," I may be inclined to refuse that listing unless I can convince them that it's not really in their best interest because it will turn away a large percentage of prospective buyers.

I will advise that seller they can always negotiate the conditions of the sale when a buyer makes an offer. And, it's ALWAYS better to get offers to negotiate than not to get offers at all.

 

Oct 06, 2020 08:48 AM
Rainmaker
6,372,859
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Not in our market.

Oct 06, 2020 08:36 AM
Rainmaker
3,909,586
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It depends on the house, it depends on the market.

Oct 06, 2020 07:12 AM
Ambassador
3,401,546
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

"Price reflects the "As Is" condition,"  tells almost the whole story!

Oct 06, 2020 05:35 PM
Ambassador
3,223,019
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

That depends.  There are many investors who will scoop up these homes in a heartbeat if it's priced correctly.

Oct 06, 2020 01:38 PM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

As Is and after 4 point inspection can be changed to not as is. :)

Oct 07, 2020 06:38 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I don't think so. 

Buyers still want to ask for repairs. 

Oct 07, 2020 05:30 PM
Rainmaker
806,827
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

We in the business know that "as is" doesn't really mean much, but I think it sort of excites some buyers because they think they might get a bargain.

Oct 07, 2020 09:40 AM
Rainmaker
831,948
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Probably not. There will be some bueyrs and agents that will think it needs a lot of work. others will just think sellers don't want to do any repairs, so don't ask.

Oct 07, 2020 08:56 AM
Rainmaker
3,297,663
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Yes. Although you can talk to buyers who do reach out and explain what t means, how many are skipping this listing because they think it is too risky. Now investors are used to it and it is common with bank owned, my estate sales and even some divorce sales. But not owner occupied. 

Oct 07, 2020 05:42 AM
Rainmaker
4,022,757
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Negotiation is a matter of yes, no, or counter-offer! 

Oct 07, 2020 05:00 AM
Rainmaker
2,013,870
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

If it shows up below the comps , it should sell
You have to leave some meat on the bones for the buyer to build sweat equity .

Oct 07, 2020 04:00 AM
Rainmaker
1,697,779
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I think so. Estate sales must be or can be AS IS here in IL.

Oct 06, 2020 01:32 PM
Rainmaker
625,205
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

I don't ever use this verbiage as it indicates there are problems with the house.  Every home is sold as-is so why stress this fact?

Oct 06, 2020 12:15 PM
Rainmaker
2,611,096
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

AS-IS  AS-DISCLOSED is the proper wording for the contract. How you market or negotiate makes a difference as well. The statement means "whoa" as in repair requests but it is not a NO WAY. Everything is negotiable. Where things fail is hard-line or stance approaches. People don't react well to those

Oct 06, 2020 11:42 AM
Rainmaker
253,402
Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Not if you're trying to attract Investors! I hope your sellers aren't trying to get top dollar... In my state Texas every house is sold As-Is, but if I read that remark in the agent remarks - I assume much need updates and repairs...

Nov 04, 2020 05:09 PM
Rainer
2,975
Chris Imel
eXp Realty - Ladoga, IN
Central Indiana Real Estate

Not at all.  I believe most in the average price range would expect it to be listed as is.

Oct 10, 2020 09:30 AM
Ambassador
2,546,355
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

No.

No.

Oct 07, 2020 09:10 PM