This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Unknown to many buyers and sellers, ALL resale real estate in California (i.e. not new construction, but when buying a home from the non-builder homeowner) is sold “as is”. Let us repeat that, ALL resale real estate in California is sold “as-is”.
Selling a house as is: What does "as is" mean in real estate? Technically, when a real estate agent lists an as is home sale, it means the homeowner is selling the home in its current condition, and will make no repairs or improvements before the sale (or negotiate with the buyer for any credits to fund these fix-its).
Use-as-is means that no action to eliminate a detected Nonconformity is needed. Sample 1Sample 2. Use-as-is means a disposition of material, exhibiting minor nonconformance that is determined to be satisfactory for its intended purpose.
"As is" language in a realty sales contract does not shield a seller or his agent from liability for affirmative or, as in this case, negative fraud. "Generally speaking, such a provision means that the buyer takes the property in the condition visible to or observable by him.
Many sellers have valid reasons for selling “as is.” For example, the seller may have recently inherited the house, never lived in it and is unaware of any problems or the home's repair history.