All the Information You Need Before Buying As Is Home (2 of 4)

Home Inspections Still Matter

Even if youre open to the buying as is home concept, it doesnt mean you shouldnt do due diligence. A professional home inspection is an absolute must. The inspector can help uncover problems that might not have been obvious when you did an initial walk-through, giving you the information necessary to either plan the repairs or, if necessary, walk away from the deal.

Even though the seller isnt making repairs, most states technically require them to provide a sellers disclosure, which outlines the known issues that could impact the homes value or create potential safety hazards. However, in some states, disclosure laws can be vague, meaning the seller may not be obligated to disclose many issues, which is another reason why having an inspection is important.

Can You Still Get Financing?

Unless youre planning to pay upfront in cash, its a near certainty that youre buying as is home with financing. During the appraisal process, the lender will need to determine if the home meets property standards. This is where things could potentially get tricky. If the lender determines that certain repairs must be completed before approving the loan, you will need to collaborate closely with them to comprehend these requirements, and you may have to cover the cost of these renovations yourself.