What Does “As-Is” Mean When Selling a Home in Port Washington?

What does it mean to sell your Port Washington home “as-is”?
It means you’re selling the property in its current condition, with no obligation to make repairs or improvements before closing. Buyers accept the home with all its existing issues — but this choice comes with both advantages and trade-offs.

What “As-Is” Actually Means

• No Repairs by Seller: You’re not agreeing to fix defects found during inspection.

• Full Disclosure Still Required: New York law requires sellers to complete the Property Condition Disclosure Statement (PCDS). You must still disclose known problems, even if selling as-is.

• Buyer Responsibility: The buyer accepts responsibility for future repairs and maintenance.

Advantages of Selling As-Is

• Saves Time: No waiting for contractors or renovations.

• Lower Upfront Costs: No money spent on updates or staging.

• Attracts Certain Buyers: Investors and cash buyers often seek as-is properties for potential value-add opportunities.

Drawbacks of Selling As-Is

• Smaller Buyer Pool: Many buyers prefer move-in ready homes.

• Lower Sale Price: Buyers expect a discount to account for repair costs.

• Financing Challenges: Some lenders may not approve loans if significant defects exist (e.g., roof damage, safety issues).

When Selling As-Is Makes Sense

• The home needs major repairs you don’t want to take on.

• You need to sell quickly due to relocation, financial stress, or inheritance.

• You prefer a straightforward transaction, even if it means a lower sale price.

How Eric Berman Helps Sellers

Selling as-is doesn’t mean selling without strategy. Eric Berman, REALTOR, helps Port Washington homeowners:

• Price appropriately to attract buyers while maximizing net proceeds.

• Market the home effectively, even with its flaws.

• Connect with buyers most likely to purchase as-is properties.

Bottom Line

Selling your Port Washington home as-is can save you time and money upfront, but it may also limit your buyer pool and reduce your final sale price. With expert guidance, you can still achieve a smooth and successful sale.

Considering an as-is sale? Contact Eric Berman for a tailored strategy that fits your goals and ensures compliance with New York disclosure laws.

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What does “as-is” mean when selling a home in Port Washington? Learn the pros, cons, and disclosure rules, plus how REALTOR Eric Berman helps sellers succeed.