Bethany Sturtridge
RE/MAX Escarpment
Languages
- English
Specialties
Business Opportunities, Buyers, Downsizing, First Time Buyers, First Time Sellers, Investments, Luxury Homes, Power of Sale, Relocation, Residential, Sellers
Locations
Burlington, Collingwood, Fonthill/Pelham, Hamilton, Oakville, St. Catharines, Stoney Creek
What does ‘AS IS’ property purchase mean in Real Estate?
The concept of purchasing a property “as is” indicates the seller’s intent to not make repairs before the sale, thus transferring the burden of any property issues and repair costs to the buyer. It’s a common myth that an “as-is” purchase locks the buyer into the deal regardle...
Feb 07, 2024
The concept of purchasing a property “as is” indicates the seller’s intent to not make repairs before the sale, thus transferring the burden of any property issues and repair costs to the buyer. It’s a common myth that an “as-is” purchase locks the buyer into the deal regardless of discovered flaws. In reality, a well-crafted “subject to inspection” clause can offer a strategic exit plan, allowing buyers to bow out if the inspection reveals substantial issues. For more items to consider when purchasing an property "as is" follow the link below:
https://blog.remax.ca/what-does-as-is-property-purchase-mean-in-real-estate/