Monday, April 11, 2011
Does the AS IS clause supercede the home inspection contingency clause?
One of our agents was involved in a transaction where the seller (agent) insisted that the AS IS clause superceded the home inspection contingency clause. That is not the case. What you need to be aware of though, is if you want to do an inspection with the "walk away" clause intact - and have it be AS IS - you need to check the "General Inspection" clause, rather than the "Specific Inspection" (the first one). This allows the property to be sold in AS IS condition - but gives your buyer the ability to walk if the inspection turns out to be a major issue.
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