Definition
A purchase agreement term indicating buyer accepts property in current condition with no repairs or credits.
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As-is sales reduce seller liability and negotiations. Buyers assume all known and unknown defects. Common in foreclosures, short sales, and probate sales.
Pro Tip
As-is purchases require thorough inspection and cost estimation; understand what you're accepting.
Example
Offer to purchase property as-is, with no inspection contingency or repair requests.