Posted by Moderator 801 days ago (http://www.trulia.com)
Category: Mold Inspections | Tags: mold damage health asthma
"As-Is" means different things to different people. Offering a property "As-Is" is a trend in the real estate market and one that is misunderstood. I am seeing this term on listings from equity sellers, short sale listings and REOs; the word use is the same, but the applications of this condition is varied depending on what the seller wants it to mean. That's incorrect!

I'm finding listing agents and sellers using this term to eliminate their own duties in a real estate transaction. I have had agents tell me "the listing is "As-Is" and we are not giving you seller disclosures. Wrong!!! The seller are still required to tell us what they know of the home. I've had short sale sellers try and keep the deposit after the home inspection because the home was listed "As-Is." Wrong again! Unless the purchase offer specifically states that all inspections take place before the acceptance, then we have our home inspection contingency in place....and yes, we might walk away.

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