Buying A Home As - Is

Buying a home means the seller will not make any repairs or offer credits for defects before closing. While this can offer a lower purchase price and faster closing, the buyer assumes all financial risk for the property's condition. Core Concept: What "As-Is" Means

: Selling as-is does not exempt the seller from legal requirements to disclose known material defects (e.g., lead paint, mold, or structural issues). buying a home as is

: The buyer agrees to take the property in its current state, "warts and all". Buying a home means the seller will not