Negotiating Repairs with an AS IS Contract
Buying a new home? Your home inspection may reveal defects that you feel should be the seller's responsibility to fix. If your purchase agreement was written on "as is" contract this will typically involve some negotiation, as the seller is typically not obligated to make any repairs under the terms of an as-is agreement. Scroll down to see what FloridaRealtors.org has to say about negotiating repairs with an "as is" contract...
One of the most popular contracts Florida Realtors has available for members is the Florida Realtors/Florida Bar "AS IS" Residential Contract for Sale and Purchase ("FR/Bar AS IS"). As the name implies, the seller listed the property "as is," which means the seller has no obligation to make repairs.
However, many Florida Realtors Legal Hotline calls involve a buyer requesting repairs from a seller after the inspection results come in during the inspection period. While nothing prevents parties from renegotiating the terms of an existing contract, it's important to understand the nuances and risks in doing so in order to facilitate a smooth transaction.
It's imperative to recognize this: There is no obligation on the seller's part to make any repairs, nor to even respond to a request for repairs. Read More