Carmen Cotto-Rivera
Real Estate Broker Salesperson

"Love Where You Live, and Live Where You Love"

Vylla Home 
office: 856-206-0413

Cell:  201-835-5650




   "Love Where You Live, and Live Where You Love"

Vylla Home - office: 856-206-0413

cell:  201-835-5650



Real Estate Broker Salesperson

“As Is” Home – Deal or No Deal?

“As Is” Home – Deal or No Deal?

In this 7-part series, How to Find the Perfect Home for You and Your Budget, youll learn how to find a home that is the right fit for your lifestyle, needs and, most importantly, your budget. It takes you through every single step and shows you how to avoid buyers remorse.  Your first home is most likely the stepping stone for your next home so you want to do it right and set yourself up financially to move up to your next home.

For this last week, we examined what it means to deal with an as ishome and if its something you should pursue.

You’ve probably seen listings stating a home is being sold “as is.” Does that mean it’s a dump and not worth seeing?

It can be hard to tell since there can be vast differences in the conditions of “as is” homes.

These homes can sometimes be a good deal budget-wise, especially if it gets you into a neighborhood you’ve been eyeing.  However, some “as is” homes come with more troublesome issues that could cost you more in the long run.

If you do make an offer on such a home, you need to take certain steps to protect yourself.  Here’s how:

Understand What “As Is” Means

Basically, “as is” means the buyer will purchase the home from the seller in its current condition no matter what since the seller has no intentions to do any repairs to the property before they sell it.   Note:  there is a standard “as-is” clause in every NJ residential state contract, which basically means seller is to sell the property in the same condition as when the buyer went out to see it.  But typically, when you see home is being sold “as-is”, it means the seller may not make repairs that may be needed depending on the buyer inspection reports. 

The home could be in pristine condition, or it could be a major “fixer upper.”    It is all relative, “fixer upper” to one person, may not be for another.

Know Whats Expected from Sellers

Every jurisdiction has different laws when it comes to “as is” homes, and every home and every seller has their own story. You’ll need to be more of a detective if you want a complete picture of an “as is” home.

Understand disclosure requirements for different jurisdictions. Some states require sellers to disclose any defects they know about in a home for sale. Pennsylvania requires sellers to provide detailed disclosure documents (except for estate sales, new construction, and foreclosures). New Jersey has this as an option, and not a requirement.  In either case, buyers should always ask for the seller disclosure form before they submit an offer, so they can review it.

If sellers, however, know of something but didn’t disclose it, that is considered fraud and the sellers would be liable. Sometimes it is difficult to prove if sellers really were aware of any defects or questionable conditions.

That’s why it is important to get any disclosures in writing to protect you in the long run from fraudulent information.

Be proactive and ask about any repair history. Did the seller have water damage at one time and made repairs, which now aren’t obvious to the buyer or the inspector?  You want to know as much about this home as possible, especially any water damage history.

Take cautious steps if the seller is a non-occupant.  If the property was owned by someone who didn’t live in the home recently—whether it was a landlord who had been renting out the property, an estate selling for a deceased family member, or even a bank in a foreclosure sale, they can’t disclose something they didn’t know about. So be more vigilant since there could be more wrong with the property than what has been disclosed. 

How to Protect Yourself

Take additional steps to ensure you understand the true condition of a home, both apparent and “hidden.” That way you’ll have a better idea of negotiating and budgeting for this home.

Make sure you get a qualified inspector. If you included a home inspection contingency in your offer (which you always should), you are given a window of time to get the house inspected.

You can get a thorough idea of the home’s condition. Does it have a leaky roof, any water damage, serious foundation issues, and pest or termite history?

The results will help you decide whether you will continue with the transaction or not. You can walk away if you aren’t comfortable with buying the home.  Make sure that is stipulated in the contract and explained to all parties so everyone is on the same page.

Get bids from contractors. If there are necessary repairs to be made, contact contractors during this contingency period to have a better idea of future costs.

These estimates could help you at the negotiating table to bring down the price of the home.

Take It, Or Leave It

Overall, an “as is” home could be a good deal as long as you take the proper steps to protect yourself.  It could be the “perfect” home for you as long as you do your due diligence on your part and have a very thorough inspection by a professional.

You’ll also want to completely understand what you’re getting yourself into if it is a home that will need lots of work.  Honestly ask yourself if you will have the time, the commitment, the patience, and the budget for undertaking any major repairs and making it more livable to your standards.

But remember that you can “take it or leave it” and that’s the beauty of it. If you’re not comfortable, then you can always walk away if you’ve included the right contingencies in your offer with the seller.

I hope you have enjoyed this How to Find the Perfect Home for You and Your Budget series. Here’s a recap and link to the previous articles:

  • 12 Questions to Ask Yourself Before You Step Foot in an Open House [click hereBefore you do anything else, you must evaluate you wants and needs for a home with some self-analysis.
  • Are You a House or Location Person? [click here]  Buyers tend to lean one way or the other, and by knowing this you can streamline your home search either way.
  • The 3 Steps Most Buyers Skip When Buying a Home [click here]  You don’t want to mess up one of the biggest financial decisions of your life so don’t forget to do these 3 things.
  • The “Backwards” But Right Way to Finance Your First Home [click here] Our way of financing a home will lead you to the right home for your budget. 
  • How to Get Everything You Want in a Home [click here] Here’s how you can learn to balance your budget, location, and criteria so that you do get the “perfect” home for you.
  • What YOU Need to Know About Buying for Schools [click here] Every first-time buyer needs to decide if “good schools” is on their criteria list, or not. Here’s how.

If you are thinking about buying a home over the next few weeks, months or even a year or two from now, I’d love to help you find the perfect home for you and your budget.  I want you to have everything you’ve ever wanted in a home, and I’d love to help you find it without blowing your budget. 

Email me [click here] and let’s see what’s possible and how close we can get you to your own perfect home sweet home.

What You Need To Know Before Buying Your First Home!

Hi, there!

I'm Carmen and I love helping first time home buyers, including Spanish speakers,  buyer their first home.  I also love helping sellers looking to move up or downsize to their next home.  Let me know how I can help you make your real estate goals come true. 

Let's Meet



921 Pleasant Valley Av
Suite 200
Mt. Laurel, NJ  08054

Buyers:  tips and advice on buying your first home

My Listings (and their stories)

Sellers: tips on home maintenance and prepping your home for sale 


schedule your free consultation

Hi, there!

I'm Carmen and I love helping first time home buyers make their first home more affordable and I love helping sellers looking to move up to their forever home. Let me know how I can help you make your real estate dreams come true. 

schedule your free consultation

Buyers:  tips and advice on buying your first home.

My Listings (and their stories)

Sellers: tips on home maintenance and prepping your home for sale