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.

As-Is Sale

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
Buyers are encouraged to conduct thorough inspections and due diligence, as material latent defects must still be disclosed by law. Waiving inspection in an as-is sale increases risk significantly.
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A seller lists their property as-is for $620,000 due to outdated plumbing and roof issues.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

Additional Terms

Rent Control

Rent control refers to government regulations that limit how much landlords can increase rent for residential tenants each year.. more

Receivership

Receivership is a legal process where a court or secured creditor appoints a receiver to take control of a borrower’s assets, such as property or. more

REALTOR

A REALTOR is a licensed real estate professional who is a member of the Canadian Real Estate Association (CREA) and adheres to its Code of Ethics and. more

Property Use History

Property use history refers to the documented past uses, functions, and occupancy of a property, which may affect environmental risk, zoning, or. more

Property Management

Property management is the oversight and administration of real estate assets on behalf of the owner, covering leasing, maintenance, financial. more

Property Maintenance

Property maintenance refers to the ongoing upkeep, repair, and management of a building or land to preserve its safety, functionality, and appearance.. more

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