An “as is” clause is not an “anything goes” pass that allows a seller to dodge disclosure requirements. It is, however, a flag for the buyer that she should look extra carefully because there may be problems of neglect or inattention that a “reasonable inspection” will discover.
The following post was originally written in response to the LinkedIn in response to the question: In an eminent domain case, what would limit the fair market value a property owner could receive under just compensation? As lawyers and courts like to say, the existence of such an agreement would likely be “probative but not [...]
A seller of real estate has a straightforward obligation to disclose what you know, the goal of which is to shift the risk to the buyer so that they can make their own INFORMED decision.
