That’s the question today. I am looking to my readers for your answer: Is an AS-IS contract really just that?
I usually receive an AS-IS contract when someone submits an offer on one of my listings. Then inspections follow and inevitably, the Buyer comes back and wants concessions or credit from the Seller. Why? What is the use of using an AS-IS contract if you are not purchasing AS-IS as the contract says. Why even have this contract form? Yes, I know we all do it, even when we bring the Buyer to the property. But I wonder why? Yes, I know all the wording of the inspection clause, but again, why even have an AS-IS contract? I am looking to all of you to give me the reasoning. After all, we are all in this profession together, so Fellow REALTORS, give me your insight.
Hopefully you all had a wonderous Passover, or blessed Easter with family and friends.
Until Next Monday,