Buyer’s Don’t Let “As Is” Scare You

Seeing “as is” on a home listing can make some homebuyers nervous. The first thought often is, “what’s wrong with the home”? In fact, the term “as is” should not scare you away from a home that otherwise looks like a good fit. Understanding the term, its use, and how to approach the situation can lead to a great deal and good investment.

First, “as is” does not necessarily mean “fixer-upper,” even though this is a common belief. Most often, the term “as is” is simply the seller’s way of letting prospective buyers know that they do not want to be bothered making minor repairs.

Writing an offer on an “as is” listing does not mean that you agree to take the home in any condition, nor waive your right to have inspections. It’s important to do thorough inspections and investigations of any home you consider buying. After carefully reviewing the condition of the home, you can still request repairs or credits during your inspection period, even on an “as is” home listing. The sellers may or may not agree to do some repairs for major issues to ensure the conclusion of the sale.

Finally, some homes are in such poor condition that the “as is” description is a true warning. These homes may not qualify for traditional financing and require serious consideration about the cost and effort to repair. Most of the time, if the home appears to suit your needs, you can feel confident moving forward with the process. “As is” does not need to be scary and it does not mean you can’t still make informed decisions after an inspection.

Should You Repair or Replace a Roof?

One of the most important elements of any home is the roof. The roof is the first line of defense in protecting the home from weather-related issues, such as wind, fire, and rain. Over time, the constant abuse can take its toll, and your roof will require some attention. But how do you know if you should replace it or just repair it? There are a few things to consider before making the decision.

The Age of the Roof – Most roofs come with a 10-year warranty and are expected to last for anywhere from 20-25 years. Some tile roofs should last even longer with some simple maintenance for the under sheathing

Extent of the Damage – Sometimes the extent of the damage is great, such as when there has been a large storm. Other times the original roof was not installed properly or has structural issues, causing widespread damage

Cost – You may find when comparing the cost of the repairs to the expense of a new root, that the new roof is simply a better value. Always get estimates for both.

Insurance - Insurance companies view an older or deteriorated roof as a liability. In their eyes, it's more likely to leak, collapse, or suffer other types of damage, which means they're more likely to have to pay out a claim. Because of this, some insurers require roofs to be under a certain age or in good condition as a condition for providing coverage.

Personal Considerations – Are you planning to stay in the home for a long time? In this case, replacement now will be more economical than replacing later when costs have increased.

Finally, consult a few professionals. Discuss the issues for both replacement and repair with a few trusted roofing specialists and your insurance agent before making the final decision.