Buying a Home As-Is
Posted on August 9, 2014
Are you in the market to buy a home in Orange Beach? Perhaps you would rather purchase a condo for sale in Perdido Key. Whatever you find yourself shopping for, you have likely come across a property or two that is advertised for sale “as-is.”
What exactly does “as-is” entail? For starters, it does not always mean that there is something wrong with the property, just that the seller will not be making any repairs. The reasons could be financial in the event of a short sale, or personal which can encompass everything from location obstacles to health issues. At times, highly competitive markets will have many homes that are sold as-is because buyers are motivated enough to take the risk.
The risk involved with these homes will vary, but the known problems will likely be filled out in a disclosure form. The things that are missed should be caught during the inspection. This part is crucial when it comes to as-is homes. It is an opportunity to catch the undisclosed conditions so that you are not blindsided by the costs after your finalize the purchase.
If you are ready to buy a home, contact a Gulf Coast real estate agent at Pointe South. We will be happy to guide you through the entire process.
Blog buying a home, Real Estate