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Updated over 7 years ago on . Most recent reply

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Michael Plante
  • Deland, FL
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Definition of "AS IS"

Michael Plante
  • Deland, FL
Posted

As is as of the signing of the acceptance?

Or as is as of the closing?

Meaning if the property is damaged between acceptance of the offer and the closing.  Is the seller responsible?

Can they be held responsible to repair before closing?

Or can they say take it as is or we don't close ?

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Jennifer Preddy Egbert
  • Real Estate Agent
  • Boulder, CO
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Jennifer Preddy Egbert
  • Real Estate Agent
  • Boulder, CO
Replied

@Michael Plante Florida has some crazy real estate laws but if you're looking for negotiation leverage, and you still have outs where you can get your earnest money back, I'd cancel the contract and let them come back to you. In Colorado, the contract clearly states that ANY AND ALL damage that happens during a contract is the Seller's responsibility. Have you read over your contract?

  • Jennifer Preddy Egbert
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