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AS IS Residential Contract For Sale And Purchase. THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR. 1* .

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Waiver. Paragraph 18 of the As Is Contract stipulates that the buyer waives any claims against the seller and any Realtor involved in the transaction for any defect or damage that existed at closing but is discovered later by the buyer. No such waiver exists in the FAR/BAR Standard Contract.

Such contracts are often termed as is contracts by which the buyer accepts the property in its current condition, as is without warranty by the seller as to any particular conditions.

Such contracts are often termed as is contracts by which the buyer accepts the property in its current condition, as is without warranty by the seller as to any particular conditions. ...

In real estate, an as-is property is one that's listed for sale in its current state, meaning that any issues or problems with the home will not be addressed by the seller. ... The buyer's purchase of the home is contingent on the repairs being made first.

As such, in most cases, the phrase as is simply means that while the seller will not make any repairs or offer any credit, the purchaser still retains the right to either take the property the way it is or cancel after inspections.

What Does Sold As-Is Mean? Sellers list their homes for sale as-is when they don't want to do any repairs before closing. It means there are no guarantees from the seller that everything's in working condition. ... The seller may be in debt and not have the money to pay for repairs.

The term "as-is" in a real estate listing indicates that the buyer must be willing to accept the home exactly as it currently is, foregoing any opportunity to request that the seller make repairs or offer credits for problems with the property.

What Does Sold As-Is Mean? Sellers list their homes for sale as-is when they don't want to do any repairs before closing. It means there are no guarantees from the seller that everything's in working condition. If you buy an as-is home and later find major problems, you're responsible for the repairs.

As is contracts are very common in real estate sales. If you are the buyer, agreeing to one of these contracts means that you are buying the property in its current state and that the seller does not have to pay for any repairs to the property.

If you need to move pronto and don't want to make repairs to your home, selling it as is could be a good option. But keep in mind, it's like slapping a big ol' clearance sale sign on your house Everything Must Go! Sure, you'll definitely earn less money at the closing table than you would if you made the repairs.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232