What to Know About As-Is States Like NC
Here’s what it means to be an as-is state like North Carolina.
Did you know that North Carolina is an as-is state? Do you know what an as-is state is? It means that when you purchase a home, you’re buying it as is. The fine print in the contract states that no matter the condition of the property, you understand that you are purchasing the home as is.
Once you are officially under contract as a buyer, I always suggest getting all your inspections completed. These include general home inspections as well as septic, radon, termite, and well inspections. It’s your responsibility to fully understand the condition of the home you’re about to purchase before the transaction is finalized.
"A strong agent gives you a strong negotiating position."
Once you get those inspections completed, you can present the seller with a list asking them to fix certain items or give a discount instead of repairs. They can refuse, they can be reasonable and meet somewhere in the middle, or they might decide to fix all of them. It’s all about negotiations. That’s where a strong agent comes in to be your advocate and get you the best possible deal.
If you have any questions about North Carolina being an as-is state or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.