What Does “Where is-As is” Mean?
“Where is-As is” is a real estate term whereby the property is being sold in its present condition. No “moving, cutting, shifting, replacing, redoing, changing, repairing, relocating, or refacing” anything related to the property. It is a mistake for a purchaser to forgo a property inspection or waive receipt of a Seller’s Disclosure Statement.
Seller’s Disclosure Statement
In Michigan residential sales, sellers must provide a Seller’s Disclosure Statement. I encourage commercial real estate purchasers to receive one, too. If a purchaser discovers defects in the seller’s statement, this could be a liability for misrepresentation.
Property Inspection
An inspection may reveal property conditions unknown to a seller or, worse, known but undisclosed. Unless a purchaser is an experienced builder or contractor, it’s important to have a property inspection. Defects discovered through a property inspection may help with price negotiations.
About David Soble: David is a seasoned real estate and finance attorney with more than 35 years of experience, combining his background as a “big bank insider” with a commitment to demystifying complex legal issues for his clients. As the founding attorney of Soble Law (also known as Soble PLC / Proven Resource), he leads a specialized team in Michigan and Ohio that handles real estate transactions, contract disputes, probate, and financial litigation. Known for a practical, no-nonsense approach and peer-rated excellence (Martindale-Hubbell AV Preeminent), Soble and his team strive to protect clients’ property and financial interests with clarity, integrity, and experience.
Disclaimer: You should not rely or act upon the contents of this article without seeking advice from your own qualified attorney.
