Searching for a home to buy can be a very stressful experience, especially if this is your first time buying property. Perhaps you’ve come across properties listed “as is” and are wondering whether they are a wise option or not. So, why are homes listed “as is” and are they a good investment?
There are various reasons why a homeowner might put their home for sale in “as is” condition. For example, it could be that they don’t want the hassle of fixing it up before putting it on the market, or they may not want to be held responsible for the condition it's in after the sale. But does this mean that it’s going to be a bad investment? Not necessarily.
A lot will depend on the person buying the home. If it is in their ideal location and the price is within their budget, then it may be a wise choice. However, there are some very important steps you should take before making the final decision. First, you will need to find out the true condition of the home. A simple walk through of the property will not tell you everything about it and, while many areas require the homeowner to provide a written disclosure stating its condition, very often key information is omitted.
The best way to ensure you know all you can about the home is to have a thorough home inspection performed on it. The home inspection will find any areas of serious concern that may affect your decision to buy the property and will also give you a good idea of how much money will need to be spent to get it to your standard.
Devereaux Van Dyne, Certified Professional Home Inspector