Selling Your MA Home As-is

If you have browsed property listings, you have likely come across the word as-is. Homeowners love to sell as-is, but it is critical to learn how a potential may react to it. Here is what you need to know about selling your MA home as-is.

Understanding What the Term As-Is Means

As-is signifies that a home is being sold in its current state. This includes any problems that may exist, whether they are visible or not. Buyers may complete an inspection to better assess any problems before completing the sale. The precise interpretation of as-is can differ from state to state based on the specific facts.

Disclosure of Property Issues

In all property sales, home sellers still have a responsibility to share any material problems. The use of as-is is not a way to allow home sellers to lie about defects. Sellers must understand this.

Home Buyer Reactions

Seeing the term as-is in a home sale is typically alarming for home buyers. Many presume that it must have extensive problems. Home buyers willing to buy a home as-is will end up offering less to reflect the as-is condition. Buyers should contact a lawyer if they have concerns about their rights related to as-is stipulation.

Seller Advantages of As-Is Clauses

Sellers commonly want to use the term as-is to basically convey that they are unable to address any repairs on a home prior to settlement. However, from a legal standpoint, it means much more. The term is beneficial to a seller because it creates protection against future lawsuits from that buyer. For buyers, it is normally a red flag and they should evaluate the home cautiously.

Advice on Selling Your MA Home As-is

There is no right answer to this question. Consult with your Realtor about selling your MA home as-is and whether it makes sense. He/she will also tell you the impact it may have on selling price. If you do not already have an agent, contact Christopher Graves at Sierra Pacific Mortgage Company at 978-376-5389.

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About Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

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