Can I sell a house “as is”?

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Can I sell a house “as is”?

I need to sell a house and I don’t want to put out any money in fixing it up . Can I sell it “as is”. Do I need to tell the buyer anything about the house? I did have a certified real estate appraiser give me what the value of the house is worth and all problems that he saw and that would need to be fixed if the house was to be bank financed. For bank financing the entrance panel needed to be upgraded to a breaker box. There is currently the old style fuse box. Should I supply the certified appraisal to anyone interested in the house or let them purchase the house without giving any info at all?

Asked on April 18, 2012 under Real Estate Law, Pennsylvania

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Generally speaking a party always sells a house "as is" and hopefully prices the house accordingly.  When there are unforseen issues that arise then parties tend to negotiate the price or have the option to fix at the sellers expense or void the contract.  I would speak with an attorney and discuss pricing the house at the value if most things were fixed leaving you room to negotiate the rest down.  Some states do have mandatory disclosure statements such as for lead paint so those things need to be disclosed. Insist on an inspection so that everything is out in the open and there is nothing you could be accused of hiding that could cause you liability later.  Good luck.


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