Short answerIt can be a good deal if the price reflects the condition and you know what you are buying. As is means the seller does not plan to make repairs. You can usually still inspect and may be able to walk away under your contingencies. The seller generally must still complete the Indiana disclosure form.
Protect yourself
- Keep an inspection contingency and use it.
- Read the seller's disclosure closely.
- Price in the repairs, plus a cushion.
- Check that your loan will work: FHA, VA, and USDA require certain repairs, so as is houses often need cash or conventional financing.
The seller's side: selling as is or fixing first.
Frequently asked questions
Can I negotiate on an as is house?
Yes. As is describes the seller's position on repairs, not a refusal to negotiate price.
Can I get an FHA loan on an as is house?
Only if it meets FHA property requirements or required repairs get done before closing.
Keep reading
Looking at a house and not sure what you are getting into?
Ask for a free Before You Offer review. Send me the listing. I look over the photos, the seller's disclosure, and recent sales, then flag likely condition issues and planning cost ranges before you write an offer.
Request a Before You Offer reviewOr call or text (812) 525-5489, or email [email protected].
The Before You Offer review is a REALTOR® and contractor review of the listing, not a home inspection. It is for buyers who are not already working with an agent. If you have an agent, please bring these questions to your agent.
Written by John Long, REALTOR®, 1 Percent Lists Indiana Real Estate. Working contractor who has priced hundreds of home inspection repair requests. Former labor relations negotiator for a major manufacturer and U.S. Coast Guard veteran.
John Long, REALTOR® · 1 Percent Lists Indiana Real Estate · (812) 525-5489 · yourpropertynegotiator.com
This page is general information, not a substitute for a professional home inspection, and not legal, tax, insurance, or lending advice. Ask a real estate attorney about contracts and disclosure, a CPA about taxes, your lender about loan rules, and a licensed inspector or tradesperson about your house. Nothing here guarantees a sale price, net proceeds, repair cost, payment, timeline, appraisal, inspection result, or loan approval. Cost figures are planning estimates, not bids. I own Wardmark Property Operations LLC, a contracting company. You are always free to use any contractor you choose.