In this YouTube video, realtor Sander Scott explains the meaning of "as‑is" in real estate transactions. He shares a recent negotiation where a house listed at $279,000 was offered at $239,000, countered at $260,000, and finally settled at $255,000, after which the seller declared the sale would be "as‑is." Scott clarifies that "as‑is" does not eliminate inspections or due‑diligence; rather, it signals that the seller will not pay for any repairs discovered during inspection. Buyers retain the right to inspect, accept the property in its current condition, or walk away and recover their earnest money, bearing only the cost of their own due‑diligence. The video concludes with a call‑to‑action encouraging viewers to like, comment with questions, subscribe, and learn more about the unique services Scott provides as a full‑service realtor.
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¡Hey there!
What does "as is" mean in real estate? Hi, I'm Sander Scott, your full-service realtor here. Hey, I just finished a negotiation, put a house under contract. I'm actually traveling in Utah. You can catch the mountains in the background there. But the show must go on. So I was representing the buyer. House listed at $279,000. We offered $239,000. They countered and said $260,000 is the lowest we'll go. Well, it turns out it wasn't the lowest that they'll go. We made a renewed offer at $255,000 and their response was, "Okay, but then the sale is— the house is going to be as-is." So what does as-is mean? Well, I can tell you what it doesn't mean. It doesn't mean that you skip inspections. It doesn't mean that you do anything different as a buyer with your due diligence process. As-is simply means that the seller does not want to pay for anything that's found during the inspection. It's a way for the seller to say, you can inspect it, uh, and at the end of the inspections, at the end of your due diligence, you either accept the property in its current condition or you walk away from the sale and you get your earnest money back, no cost to you. The only thing that a buyer's out is the cost of their due diligence process. So as-is is a way for a seller to just say, hey, I ain't fixing a thing. That's what it's all about. So hey, if you found this video useful and informative, please give it a thumbs up. If you have a real estate question that you'd like me to answer, just put it in the comments, uh, and I'll answer it on YouTube for you and anyone else. So, and don't forget, subscribe to my channel. I've got a lot of useful information on here. I also go into some depth about what I do that sets me apart from other agents, what specific actionable items that you can attach a dollar figure to that I deliver in value to my clients that other agents just don't do. So So subscribe and check it out. Hey, thanks a lot for tuning in.
