Selling a house AS_IS..

When deciding to sell a house as-is or not, there is plenty you should know and consider..One big misconception is not having to disclose known defects if sold as-is. Not true.As the seller, you must provide certain disclosures including known defects in the home's structure, as well as the following:Building code approvalFoundation issuesInfestation historyLand and site dataRestrictions, easements and encroachmentsThe failure to disclose known defects or to make other required disclosures can expose you to a lawsuit. Mississippi home sellers are not required to use any particular form, but the property condition disclosure statement must include information mandated by the Mississippi Real Estate Commission.It's important to be clear in communicating intentions about selling "as is" upfront to avoid confusion. Consider doing some preliminary due diligence to make the transaction process go smoother for yourself and the buyer.As-Is implies that there are faults, and you aren't willing to address them.The majority of buyers out there are looking for a move-in ready home, and those buyers won't schedule a showing.  many of those buyers are using financing that would prevent them from buying a home that needs repairs, and they'll move on to the home that doesn't have this scarlet letter attached.  "As-Is" in a listing description also attracts investors, people looking for rock bottom deals to purchase and flip or rent out.  Using this term narrows your audience significantly, negatively affecting your home's value. (Nicole Davis, "Niki Davis SC")Another thing to think about is how small repairs can a lot of times drastically affect your bottom line. Anytime a client asks me if they should repair or fix something, I always reply with "I would". If you can afford to do it, do it. Putting your home on the market "as-is" is bringing in nothing but low ball offers the majority of the time.The only reason to sell "as-is" is if you don't have any money to put into repairs and just want to get out from under it.