As-Is Sale
Understand what an as-is sale means in Canadian real estate, what buyers should expect, and how to protect yourself during the transaction.
May 22, 2025
What is an As-Is Sale?
An as-is sale is a real estate transaction in which the property is sold in its current condition, with no obligation on the seller to make repairs or offer warranties.
Why As-Is Sales Matter in Real Estate
In Canadian real estate, as-is sales are common for estate properties, distressed homes, or when sellers want to avoid the cost or liability of fixing issues before closing.Key characteristics of as-is sales include:
- No repairs by the seller before closing
- Buyer assumes responsibility for defects
- Property is typically priced lower to reflect condition
Understanding the implications of an as-is clause helps buyers negotiate effectively and avoid unexpected renovation costs or legal issues.
Example of an As-Is Sale
A seller lists their property as-is for $620,000 due to outdated plumbing and roof issues. The buyer completes a home inspection and adjusts their offer accordingly.
Key Takeaways
- Property sold without repairs or warranties.
- Buyer accepts all visible and hidden flaws.
- Common in estate and distressed sales.
- Inspection still highly recommended.
- Lower price typically reflects condition.
Related Terms
- Material Latent Defect
- Home Inspection
- Seller Disclosure Statement
- Distressed Property
- Buyer Beware
An overview of the Vancouver General Hospital campus and the ages of the buildings. (Kasian Architecture, Vancouver Coastal Health)
The existing VGH campus and Phase One plan. (Kasian Architecture, Vancouver Coastal Health)
The layout of the new VGH campus after the 10-phase redevelopment. (Kasian Architecture, Vancouver Coastal Health)
