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

Steps to Buying As Is Home

If you decide that buying ‘as is’ home is the right fit for your goals and budget, here is how to go about it:

1. Find a Property: When searching online, use the filter tool to identify homes listed as is and work with a real estate agent experienced in these types of transactions.
   
   
2. Secure Financing: Shop for a mortgage and get prequalified. This signals that your lender is comfortable with as is properties.
   
   
3. Make an Offer: Submit a competitive offer, but keep it realistic, keeping in mind potential repair costs.
   
   
4. Schedule an Inspection: This is your opportunity to identify red flags. Consider hiring specialists if needed, such as roofers, plumbers, etc.
   
   
5. Get an Appraisal: Your lender will assess whether the property qualifies for a loan.
   
   
6. Negotiate or Back Out: Based on the inspection and appraisal, you can renegotiate your offeror wish them good luck as you walk away.
   
   
7. Finalize and Close: Once youre satisfied, youll be able to seal the deal and begin planning any necessary updates.