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1627 US Hwy 1 Suite 216
Sebastian, FL 32958

Phone: (772) 664-5405
Fax: (772) 664-6337

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REPAIRS VERSUS "AS IS" HOMES

If the buyer decided to purchase your home “as is,” it simply means they may have inspections done but are not required by the contract to make repairs.  The buyer has a dollar amount they are willing to accept in estimated repairs.  For example, the buyer negotiates to accept your home “as is” as long as repair estimates do not exceed $1,000.  Inspections find your home in need of a new roof, estimated at $5,000.  Within the terms of your contract, the buyer might not be obligated to continue with the purchase and could choose instead to renegotiate or to cancel the contract.  Again, your realtor can assist you regarding inspections and repairs.

If you are responsible for repairs, those repairs are typically completed prior to closing.  Part of the buyer’s pre-closing walkthrough should include verifying all repairs were made.

 
 
 
 

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Copyright © 2008 Webb Realty, Inc. - 1627 US Hwy 1 Suite 216, Sebastian, Florida 32958 - (772) 664-5405
Pat Webb and Tanya Webb, Licensed Real Estate Brokers

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