feeling scammed with as-is contract post-inspection
we have an accepted offer for a fl condo, it's an as-is contract which allows us to recover our deposit if the seller won't repair a defect. The home inspection uncovered that the heat pump, a $5k replacement, was near the end of expected life. Had we known, we'd have lowered our offer. Since it's working, and therefore not a defect, apparently we have no recourse.
I'm sure this was not intentional but not sure we can do anything.
thoughts?
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#3 Managing Your Property Contributor
@Jeff Davidson To me if there is an 'as is' clause, it signals that there may be problems. You can either chose not to close or ask the seller for a bit of money to help with replacing it. They may not go for it, but it doesn't hurt to ask for something. I wouldn't expect to get $5K as the current system is working. No home is perfect. If the heat pump is still working, but near the end of its life; you can replace it down the road when it does break. If you chose to sell in a couple of years, you can brag about the new heat pump.