Definition
As-Is Sale
Also called: selling as-is, as is condition
An as-is sale means the buyer accepts the property in its current condition, and the seller makes no repairs and gives no repair credits. It does not remove the seller's duty to disclose known material defects, which most states still require.
As-is shifts the repair burden and repair risk to the buyer, which is why as-is prices run below fixed-up prices — the discount is the buyer's renovation budget plus their risk. In exchange the seller skips contractors, inspections-driven renegotiation, and the months a renovation takes.
The phrase is sometimes misread as 'no questions asked.' Disclosure law still applies in most states: a seller who knows the roof leaks generally has to say so, as-is or not, though several states ease requirements for heirs and estates that never occupied the property. The safe rule: as-is changes who pays for problems, not who has to mention them.
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