Current rental has foundation issues, two separate inspections done, there are cash offers, how does it work with disclosure of foundation issues. How can I protect myself if I sell it as is? Property in Chattanooga. Would it be sufficient enough to provide the inspection reports in the contract? How do I prevent a lawsuit in the future? Thanks.
@Marichelle Lao , anything you know, you should disclose. As-is typically means you're not fixing anything. Full disclosure means they can't come back and sue you later. (Or more to the point, they are far less likely to win if they sue you.)
If you're listing with an agent, share the inspections with them, have them note in the listing that there is an issue and inspection report available upon request.
@Mindy Jensen thanks for the insight. I decided to sell the property with my property management company.