The Steak Dinner Winner and As-Is Home Sales

Carolinas Real Estate Podcast with Thomas Elrod

I’m excited to be back with you with the results of the Sizzling Summer Steak Dinner winner!
Everybody made it tough - you guys gave us some great questions and some great ideas for future video blog topics that we can give to you.
The winner is Jason Carter of Charlotte, who wins a steak dinner for two at the Palm Restaurant!
Jason wrote: “When a house is being offered as-is, does that mean more than simply the condition of the house? Is there more information to consider in that as-is blanket statement? For example, could there be outstanding liens that could pop up before closing or maybe unpaid taxes which I would be responsible for?"
That’s a great question from Jason.
The answer is yes - when you buy a property as-is, it’s all yours. It’s your due diligence and the buyer’s agent’s due diligence to do home and termite inspections, survey, a radon test, chimney test, structural tests, septic/well test, and many others before closing.

If both halves of the house break, that’s on you!

As far as liens, you can have first liens, second liens, lines of credit, property taxes owed, HOA dues that are due, or title liens. When it comes to titles and title insurance, we like to do a title search at the very beginning so we can make sure there are no clouds on the title.
There’s a lot of work to be done when buying a home, especially if you’re buying as-is.
If you’re thinking about buying or selling a home, give us a call or shoot us an email and let us go to work for you. Let’s talk soon!