FAQ
Frequently Asked Questions & Glossary of Terms
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What is an As-Is Contract
A real estate contract in which the buyer accepts the property, regardless of its current conditon, or "as-is". Typically this type of contract is used to help expedite the transaction process. Many states have different requirements for this type of contract, but generally, an "as-is" clause may still require the seller to disclose known defects or dangers that are not open and obvious.