Definition
A sale in which the seller declines to make repairs, though in most states the duty to disclose known material defects still applies.
Example
The estate sold the property as-is but still had to complete the state disclosure form for known conditions.
Related terms
Frequently asked questions
What does As-Is Sale mean in real estate?
A sale in which the seller declines to make repairs, though in most states the duty to disclose known material defects still applies.
How is As-Is Sale used in practice?
The estate sold the property as-is but still had to complete the state disclosure form for known conditions.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.