Glossary
As-Is
Sold in current condition, with the buyer accepting known and unknown defects. As-is does not mean unsellable on the open market, as-is listings are routine.
"As-is" describes the condition of the sale, not your disclosure obligations. Most states require sellers to disclose known material defects regardless of whether a sale is as-is. As-is simply means you're not making repairs before closing. There is an active market of buyers, including renovation-loan buyers and cash investors, for as-is properties.
Read more in the Field Guide:
- Selling a Damaged House: Your Real Options, Damaged House
Want a plain-language review of your situation?
A Residios Home Transition Review gives you clear options, including the ones no buyer will volunteer.