Redding Ca Real Estate-What does “As-Is” mean?

As-Is….it’s a term that you hear a lot in real estate….more so now than in the past because of the numerous amounts of bank owned homes being sold.
What exactly does “As-Is” mean you as?

As-Is means that what you see is what you get.Have any and all inspections you want within your inspection time frames but it does NOT mean….a large credit because you found something….it does NOT mean the seller is going to fix anything….AS Is is what it says…it means you take it or you don’t!

Then why even do inspections you ask? The importance of inspections is to find out MORE about the property…its for your own good if you are the buyer.Then with the additional info YOU decide if you want to continue forward or not? It doesn’t mean that as is is a useless term or one to pardon….the Seller is telling your right up FRONT the terms of the sale….Thinking you can negotiate or make the bank pay for something is silly….unless you just enjoy stress and a challenge in life.

Here are some resources to see what others think the term means….and based on how many escrow fall out because of this issue I would hope someone would step forward and clarify this term….sure would save the Seller some money if both the Buyers and the Sellers were on the same page concerning this topic.

Links to discussions on this topic-

http://www.thinkglink.com/article/2009/06/04/what-does-buying-a-home-in-as-is-condition-really-mean

http://www.financialcrisis2009.org/forum/Renting-Real-Estate/What-does-quot-AS-IS-quot-mean-in-Real-Estate-287284.htm