When a seller advertises a home “as is,” it does not necessarily mean that there are problems with the home. Rather, by using that term, the seller is merely telling buyers upfront that the seller has no intention of fixing anything that may be wrong with the home.
Sellers of ‘as is’ properties still have an obligation to disclose, if asked, to a potential buyer any problems with the home that the seller is aware of. Because of this obligation and because a potential buyer should always have a complete home inspection of a home before going forward with the purchase, buyers of an ‘as is’ property should not feel that they are entering into a suspect purchase. Buyers can also use flaws with the home that the owner does not intend to fix as a bargaining chip during negotiations.