'Question: Bob, please answer this before Christmas day if possible, as I am leaving for a few months that Saturday. Our real estate agent showed us an older house being sold by an estate "as is." For $250, we hired a professional inspector ( ---- ------ ) who is a retired contractor, but he couldn't find anything structurally wrong with the house. When we made our purchase offer, the estate executor accepted but wrote, "This house is being sold 'as is' with no warranties or representations."
Should we be worried?
- Betty W.
Answer: Betty, Normally when a house is advertised for sale "as is," that means "buyer beware" that something is probably wrong. But probate or estate properties are often sold "as is" because the executor or administrator is usually not aware of any defects in the residence.
Since you obtained a professional inspection report that showed no serious defects, you are probably safe going ahead with the purchase.
Just to be certain, however, it would be very smart to buy a one-year warranty policy from your real estate agent at a cost of about $400-$550.
It will pay for repairs to built-in appliances, furnace, plumbing and wiring within the next 12 months. Additional coverage can be bought for extra premiums. I hope all of you have a wonderful Christmas and a Happy Holiday
Did I do good Betty?
Have a real estate question? Write, call, fax or e-mail:
Bob Jeffries, Realtor
Century 21 Birchwood Realty Inc.
4040 Del Prado Blvd.
Cape Coral, FL 33904
Web site: www.bobjeffries.com