What does sold “as-is” mean?

In our current market, there are a lot of distressed homes in Phoenix that require an As Is Addendum to all offers.  Many searching for Real Estate will question what does it mean?  In short, it gives notice that the seller does not intend on doing any repairs that the buyer may ask for.  And just because a home is being sold as is, doesn’t mean that you won’t have an inspection period, you should and you should inspect it.

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