The Truth about "As Is" Listings: What Buyers and Sellers Need to know

???? What Does “As Is” Actually Mean?
An “as is” listing simply means the seller is not agreeing to make any repairs or updates before closing. The property is being sold in its current condition — take it or leave it.

This doesn’t mean the home is unlivable. It could be a rental property the owner doesn’t want to renovate, an inherited estate, or a house that just needs cosmetic TLC. But it does shift some of the responsibility onto the buyer to do thorough due diligence.

???? Inspections Are Still On the Table
Even when a home is sold “as is,” buyers still have the right to conduct inspections — and I always recommend that you do.

A licensed home inspector can reveal issues like foundation cracks, roof wear, HVAC age, plumbing leaks, and electrical concerns. These findings give you the opportunity to back out, renegotiate, or plan accordingly.

In Upstate South Carolina, especially in older homes or mountain properties, moisture, drainage, and well/septic systems are often areas to examine closely.

???? Insurance May Be an Issue
Another important consideration is homeowner’s insurance. Many carriers have rules about insuring homes with older roofs, outdated electrical systems, or signs of water damage. If the home won’t qualify for coverage, your lender may not allow the purchase to proceed.

Before you fall in love with an “as is” property, talk to your insurance agent — or I can refer you to one familiar with local homes and their quirks.

???? Not All Loans Work for "As Is" Properties
Financing is another common stumbling block. Some homes in “as is” condition will not meet the standards required for USDA or VA loans, both of which demand safe, livable conditions.

However, buyers might explore an FHA 203(k) loan, which allows you to borrow not just for the purchase, but for needed repairs or updates — all rolled into one mortgage. It’s a great option if you’re open to doing the work, but it takes planning and a contractor bid upfront.

Conventional loans may also be possible, depending on the severity of the repairs and the lender’s guidelines.

???? Advice for Sellers Listing "As Is"
If you’re planning to sell a property “as is,” pricing it realistically is key. Transparency helps build buyer trust. Consider doing a pre-listing inspection so you know what to expect, and don’t be surprised if buyers still ask for concessions after their own inspections.

Clean the property up as much as possible. Even “as is” homes show better when they’re tidy and free of clutter or debris.

Bottom Line: Know What You're Getting Into
Whether you’re buying or selling, “as is” doesn’t have to be scary — it just requires clear communication, the right professionals, and a realistic understanding of what’s involved.

I’ve helped many clients navigate “as is” purchases and sales throughout Oconee, Pickens, and Anderson Counties — from mountain cabins to lake cottages to long-time family homes. If you’re curious about one, I’m just a call or text away.

???? 864-710-4518
???? gwen@gfowler.com
???? www.CoolMountainEscapes.com

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