June 23rd, 2011:

Buying Real Estate “as-is”

The term “as-is” in real estate can be misleading. Basically, if a property is promoted as such, the seller is simply stating that he/she does not intend to be obligated to make any repairs.

In such a transaction, the buyer is typically afforded the opportunity to inspect the property, and then withdraw should the inspection results not be satisfactory.

For information on Destin or Emerald Coast short sales, bank foreclosures and general real estate topics, please visit www.FloridaBrokers.com or email us at smith@realtor.com