East Valley Real Estate: What does it really mean to buy as-is?
Today Kristin LaVanway and Dean Ouellette of the East Valley Team talk about how everything is always negotiable, except when it’s not.
With so many distressed properties on the market, more and more are being sold “As-Is”. There are many version of the addendum that describe the the As-Is conditions, but in general, the buyer still has the right to inspect the home, but the Seller is not obligated to make any repairs if defects are found.
Some defects such as a leaky roof, plumbing issues or AC problems may make it difficult to get financing for a home. In some cases, the Seller may upon request elect to repair these items so the Buyer can still qualify for a mortgage. Although this is rare in a short sale, it does happen in transactions involving bank-owned homes on a regular basis.
So when you see an East Valley home is being sold as-is, do not expect any repairs, but know if something major is wrong with the house there is a chance it could be fixed or a credit could be made. There is always the opportunity to try and negotiate. The worst they can do is say no.
Thanks to Sasha Lopez for her thumbs up approval.
Who says you can't teach a rocket scientist new tricks. Since Kristin left her former profession for her new one she has built one of the fastest growing businesses in the East Valley. Kristin is known for her Youtube videos, make sure you check them out. 
After a long career in political consulting Dean transitioned to real estate and has not looked back. Dean is one of the sick ones who enjoys fighting with banks to get short sales approved and to help homeowners avoid foreclosure. Dean also loves making videos on the subject.