The listing says the home is being sold “as is.” Should you still have a home inspection done? Absolutely! A home inspection can help tell if the property will be a diamond in the rough or a money pit.
When a home is listed as “as is” it means the owner is selling the property in its current condition. They won’t make repairs nor will they provide any credit to the buyer for the fixes.
Often an “as is” listing can be found on a bank-owned property being sold as part of a short sale or foreclosure.
Sellers also may list as such if they’re unable to afford repairs or if an owner died and their estate is trying to sell the home.
“As is” property owners just want to sell the home and move on. This means it could present a great opportunity for buyers … or it could be a nightmare.
Rarely is the “as is” title attached to homes in perfect, move-in ready condition. Instead, the property may be distressed and in need of repairs.
But you don’t have to buy a home blind. A home inspection will provide you with valuable information about the property’s condition.
During a home inspection, an inspector spends several hours visually reviewing the property from top to bottom.
The inspector looks at a house’s roof, attic, floors, windows, doors, HVAC system, interior plumbing, electrical system, foundation, and basement.
A written report detailing the results is provided following the inspection.
However, buyers don’t have to wait until they receive the report.
The hours you spend with an inspector going over the property will give you a better picture of problems or concerns.
If you’re handy or not afraid of a fixer-upper, the inspection may affirm your decision to purchase the house.
On the other hand, the inspection may reveal problems beyond the scope of your expertise or the limits of your wallet.
If an inspection unearths more problems or issues than you’re willing to tackle, you can walk away from the sale.
Spending money to have a home inspected is money well spent and can potentially save you from years of costly repairs and financial headaches.