Esquire Realty Ciaramella & Co.

Few phrases confuse buyers and sellers more than “as is.”Most people think it means the seller has zero responsibility and the house can be delivered in any condition, but in the standard New York sales contract, that’s not true.🔍“𝗔𝘀 𝗜𝘀” 𝗠𝗲𝗮𝗻𝘀: 𝗔𝘀 𝗧𝗵𝗲 𝗕𝘂𝘆𝗲𝗿 𝗦𝗮𝘄 𝗜𝘁In New York, “as is” simply means the home must be delivered in the same condition it was in when the buyer viewed it.No new damage.No deterioration.No surprises.🔧𝗧𝗵𝗲 𝗚𝗼𝗹𝗱𝗲𝗻 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗦𝘁𝗶𝗹𝗹 𝗔𝗽𝗽𝗹𝗶𝗲𝘀Even with an “as is” contract, sellers are typically still responsible for basic functionality, including:Working heat and central ACWorking appliances (stove, fridge, etc.)No active plumbing leaksNo roof leaksSo “as is” does not mean “broken is acceptable.”🏚️ 𝗪𝗵𝗲𝗻 𝗧𝗿𝘂𝗲 “𝗔𝘀 𝗜𝘀” 𝗠𝗮𝘆 𝗔𝗽𝗽𝗹𝘆A real, full “take it or leave it” condition generally appears only in:ForeclosuresExtreme Estate LiquidationsDistressed or bank-owned salesFor normal residential deals? It’s extremely rare.💡 𝗕𝗼𝘁𝘁𝗼𝗺 𝗟𝗶𝗻𝗲“𝗔𝘀 𝗶𝘀” 𝗶𝗻 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗺𝗲𝗮𝗻𝘀 𝗮𝘀 𝗶𝘁 𝘄𝗮𝘀- 𝗻𝗼𝘁 𝘄𝗵𝗮𝘁𝗲𝘃𝗲𝗿 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝗹𝗮𝘁𝗲𝗿.And most standard contracts still guarantee a home that’s functional, safe, and in the same condition the buyer agreed to purchase.𝗙𝗼𝗹𝗹𝗼𝘄 𝗠𝗲 𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗧𝗶𝗽𝘀!