In the housing industry it is called selling “as is” meaning you are selling the property in its current condition, making no intention to do repairs and/or improvements. If in the listing contract, there is such a clause, know that this written condition does not insulate the seller from making full disclosure attesting to the properties’ overall condition. On the other hand, a buyer can insist on a home inspection contingency in the sales contract. If the results of the inspection reveals the need for substantial repairs, the seller can refuse to make them and/or the buyer can advocate for a lower price! If they can’t come to terms over this issue, the house will go back on the market, thus wasting time, money, and resources or all three.
Making Repairs-Should a seller make house repairs before putting it up for sale?
- Anthony
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