Sold “As Is”

I am not talking about cars or other personal items. A house is a big purchase and the words “Sold As Is” do not inspire confidence and may even arouse suspicion. I’ve heard it said many times that since the house was purchased “as is” the buyer didn’t have any recourse against the seller and others involved in sale. This is utter nonsense. Generally, if the seller knew or had reasons to know that the defect existed at the time of sale, the buyer has some recourse. This may me against the seller, inspection company, repair men, brokers, and others involved. This is very fact dependent situation and the facts of your case will have a big impact on the final result. Do not despair and start thinking that just because you did not see the defect initially, the seller is off the hook. Far from it

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