What does “as is” really mean?

If you’ve been browsing listings for a while you’ve probably read the words “as is” in a listing. There’s a good chance those red warning bells go off when reading that.

So, here is the lowdown on a property listed “as is” and what to do when your purchase a home like this.

An “as is” home basically means, the Seller isn’t making any guarantees about the condition of the property. More importantly, they aren’t prepared to fix any deficiencies found, either.

It mayyyy have mold between the walls OR it could be listed this way due to a few other not so scary reasons.

It could simply be that its being sold by the bank, a hands-off investor who just isn’t familiar enough with the house to speak on its condition OR an older owner who doesn’t want to deal with any repairs or issues.

Make sure if your going in on this type of property you do the following:

✅ Get a home inspection or have an engineer or someone else qualified to walk through the house to make sure theres no major issues and Have a clause in your offer so that you can back out if theres a budget-busting issue that you don’t want to deal with.

✅ Ask ALOT of questions.

✅Accept that you likely won’t be able to sue the seller for deficiencies

✅Most importantly… have a GOOD budget set aside for repairs.

Aram and Renee Niagara Ontario Realtors

we are ARHOUS.

Aram and RENÉE Ghewondian

With our in-house renovation and property management team, we’ve created a comprehensive one-stop solution for our clients.

We take pride in our track record of transforming neglected properties into sought-after ones, providing our clients with substantial equity, financial gains, and the satisfaction of a dream home.

Our mission is simple:

Our roots are traced back to our early days of finding hidden gems that others overlook and unlocking the most potential out of them.

We quickly realized that our ability to envision the transformation of an ordinary property could lead to remarkable success.

With each successful renovation and sale, we began to realize the need for a more comprehensive one-stop solution to achieve the same results but with a lot less stress and less running around.

 A solution where all aspects of buying, renovating, managing and selling are in one place. We now proudly call this solution, ARHOUS.