Should You Be Buying “As Is”?

If you are buying a house in Oregon, you are buying the property “as is”. This means that what you see is what you get. But even though this is the case, as the buyer you have every right to try and negotiate whatever repairs you think are necessary. The seller is required to disclose to you any issues with the house that he/she is aware of. That does not, however, force them to remedy any of them. The negotiations you have with the seller must be carried out during the home inspection period. After that time, should you decide to walk away from the deal, you may be forfeiting your earnest money.

There are buyers who are more than willing to “fix the place up” if they think it will lower the price. On the other hand, there are buyers who are looking for a turnkey property and won’t go forward unless the seller makes all of the improvements requested. In many instances, both parties meet somewhere in the middle. It’s probably best to know which kind of buyer you are before you start spending countless hours looking online and then giving up weekends driving around looking at open houses.

If you are buying a used car you almost certainly will be purchasing it “as is”. This will be written into the agreement and will serve to indemnify the seller from anything that goes wrong with the vehicle after it’s yours. This is one of the reasons that you should not buy a used vehicle without having it checked out by a mechanic you trust. You will also probably want to run a VIN check on the vehicle before you buy it. This will disclose information about the vehicle that even the seller might not know. Especially if the seller is not the original owner.

The Oregon Lemon Law does not apply to sales transactions for used cars. It is only for cars that are new and during the first two years or 24,000 miles.

There are several conditions that must be met when a dealer sells a used “as is” car. We can discuss these with you before you make your purchase.

In many instances of various sales dealings you won’t have much choice if it’s an “as is”. But that doesn’t mean you should enter into anything with your wallet open and your eyes closed. If you’re uncertain about what you’re about to undertake, please give us a call at 503.655.7555. We offer a range of legal specialties and many years of experience. And we’ve been told that we’re easy to talk with. A nice thing to hear.

And now we’d like to hear from you. We’d like to help.

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