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Does the Buyer (rather than the Seller) usually submit the 'as is' addendum?

As the buyer, why would our agent submit the "As Is" addendum along with our offer to purchase contract?  Isn't that something the Seller initiates?  Our agent said "it's part of the contract" but I don't read it as such.  It's only part of it if it's part of the deal and executed ~ so what's the benefit to us to voluntarily submit it? 
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November 06 2012 - Honolulu
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Answers (5)

The only logical reason would be if you are in a multiple offer situation.  You would want to let the seller know there will be no further negotiation in hopes your offer would be accepted over the other.  If this is not the case then why rock the boat by bringing the issue up.  Good luck.
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November 06 2012
Profile picture for sunnyview
"My spouse says, what's the harm, but I say 'why throw in the farm'. "

lol I'm siding with you on that argument. While your agent may want to make the offer "as clean as possible", an as is addendum is a pretty far from where you need to come in on most houses. I would not offer one up front unless it is bank owned or the MLS listing requested it as part of the offer.
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November 06 2012
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That's what I thought...thanks for your replies.  I'm sure our agent's motive  is to make it as 'clean' (and easy) a deal as possible.  It has happened three times in our recent investment condo purchases.  My spouse says, what's the harm, but I say 'why throw in the farm'.  Two units are in escrow now and one unit will have holes left from sellers' removal wall hangings.  I'm waiting to see if they will be good about fixing those as we requested or whether they will point out the 'as is' addendum.
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November 06 2012
Is this a short sale or bank owned property?  If so those will most likely require an as is addendum to be submitted with the offer.  If it is not one of these, however, I would see no reason to submit one.  
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November 06 2012
Profile picture for sunnyview
Without more information I can't say for sure, but I see no benefit to volunteering an as is addendum up front. If you sign it, it will become part of the contract so consider carefully whether you are really interested in an as is purchase or not.
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November 06 2012
 
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