Definition: "As is" describes property offered for sale in its present state or condition, with no warranties or promises made as to its value or suitability for a specific use. Buyers must take care to practice due diligence when purchasing property offered "as is".
Sometimes referred to as "As is, where is" or "In its present condition".
Terms, Definitions, and Concepts: Appraisal, Auction, Legal (Law), Management, Real Estate
Added: Tue Sep 23 2008
Reviewed by: Rob Miller, Dec 29 2009 1:51AM