As-Is Condition
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
As-is condition means the seller will not make repairs, and the buyer accepts the property in its current state.
What As-Is Condition means
Florida's standard as-is contract still lets buyers inspect and cancel within an inspection period. But the seller is not obligated to fix anything. Buyers should budget for repairs and confirm that as-is issues will not block their loan type.
Florida example
A buyer purchasing an as-is Fort Myers home used the inspection period to uncover roof damage, then canceled because the FHA appraisal would have required repairs the seller refused to make.
What it means
An as-is sale means the seller will not make repairs. You buy the home in its current state.
You can still inspect it and back out if allowed by your contract.
What buyers should know
An as-is home can be a deal, but budget for repairs. A renovation loan can fold fixes into your mortgage.
We match as-is buyers to the right loan. Apply now and we will plan for the repairs.