What does buying a home "AS IS" really mean?

Buyers who are looking at listings sometimes see a home listed as "as is". That term seems pretty obvious, but oftentimes buyers and sellers are not on the same page as to what "as is" means.

Generally, "as is" means you are purchasing that property in its present condition. What ever is hard wired is generally included but, its best for the buyer and seller to go inch by inch through the apartment and make a list of what is going and what is staying.

Smoke and carbon monoxide detectors should always stay.

As for appliances, buyers should be able to expect that they will all be in working order. However, it is a case of buyer beware and so an inspection prior to closing is a good idea.

The bottom line is those who are buying or selling "as is" need to understand the condition of the home and the conditions of the agreement.