What does “as is” in a real estate contract mean?
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What does “as is” in a real estate contract mean?
I am first time buyer, buying a residential property to live in. My real estate agent drafted an offer and included subject to inspection clause which I signed and returned to her. The next day she sent me an addendum which says I agree to buy the property as is where is. Does it mean that the subject to inspection clause has no legal force.
Asked on April 27, 2012 under Real Estate Law, New York
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Yes, agreeing to buy the property "as is" means giving claims for any conditions or problems which could have been detected on inspection; signing an addendum that you are buying as is would void the inspection clause, since an earlier written agreement can be modified by a later one.
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