As-Is

When you see a property marketed as “as is,” the seller is unwilling to make repairs. It could also mean that the price is “as is,” which is typically lower than the market price in the area. “As is” means the property’s condition when the offer was written. If anything happens to the property from when the offer was written to closing time that alters or damages that condition, then the property is no longer considered “as is. “The seller should either bring the property back to its original “as is” condition at their expense or release the buyer from their obligation to purchase and refund the buyer’s earnest money.