Posts Tagged ‘as is’
‘As Is’ Agreement Doesn’t Protect Seller Hiding Knowledge of Defect
‘As Is’ Agreement Doesn’t Protect Seller Hiding Knowledge of Defect Question: We purchased a home in Tempe from a cantankerous old man who would only sell his Tempe home “as is.” Although we did a thorough inspection we failed to discover until two months after close of escrow that tree roots had partially obstructed…
Read MoreIf Sale is “as is,” Seller Must Reveal Known Problems
Question: We purchased a home “as is.” We failed to discover until after close of escrow that tree roots had partially obstructed our sewer line. The cost to repair the sewer line will be at least $2,500. The contractor that we are hiring to do the repairs said that the seller had to know…
Read MoreClaim depends on seller’s knowledge
Question: Three months ago, we purchased a beautiful home in the Arcadia area of Phoenix. The seller sold the home “as is.” In the seller’s property disclosure statement, there was no mention of any roof problems. Last week, we had the first significant rainfall since we purchased our home. We had several leaks…
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