While the real estate frenzy has marginally settled down, it remains a seller’s market. Because of this, as a buyer, you are more likely to consider a property advertised as-is, and as a seller, you may be more likely to sell your property as-is. When a home is sold as-is, there are no obligations on the part of the seller to provide repairs, although any known problems must be disclosed.
A home sold as-is is being sold in its current state, with no upgrades or improvements prior to the sale. Whether you are a buyer or seller, there are pros and cons to an as-is real estate listing. It is always a good idea to discuss your real estate purchase or sale with an experienced Glen Ellyn, IL real estate lawyer. When you have an experienced real estate attorney by your side, you gain peace of mind, knowing you have a legal advocate looking out for you.