Buying a home in this way can be a good idea if the price is right for you, but there are a few things you should do before making the final decision. One important thing to do is to obtain a detailed inspection of the property by hiring a home inspector. Maybe you’re wondering what the point of that is, after all the property comes “as is”. Well, it’s very hard to determine the condition of a house simply by walking through it. While the property may have some obvious problems, other serious issues might not be so apparent. A home inspection will help you be aware of just what you’re getting yourself into.
Another thing to be aware of is that If the property is in a State that requires the seller to provide you with a written disclosure showing the condition of the property, you might feel that is all the information you need, but very often the seller will leave out key aspects of the properties condition. Your home inspector will be able to tell you if any vital information is missing from the disclosure and if it is, you may feel it’s best to walk away from such a sale.
Purchasing a property “as is” can often be a good option to go for, but make sure it works for you by getting a thorough home inspection performed on it. It is worth it to spend a small amount of extra money to ensure you get what you are paying for.