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What is an 'As Is' Trustee Sale?

I found a house I like and 'As Is' Trustee Sale is at the end of the description.  What does this mean?  Can I still get an inspection of the house?  Does this mean that there are probably major repairs that need to be done with the house that the current owners aren't willing to fix?
  • August 11 2010 - Noe Valley
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Answers (6)

The sellers are not going to warrent the condition of the house and you are buying it how you see it. Most Trust sales will not give you any credits at the close of escrow. Thats not to say you still can not have an inspection. Contact me for more info.
  • August 11 2010
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A trustee sale simply means that the homeowner is in default on the mortgage and it will sell as a trustee sale at the court steps noted on the notice. 

Properties that sell at trustee sales are sold "as is", in some cases you might have to evict previous owner and they are sold as cash. 
  • August 11 2010
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Hi Deoji; I represent a number of investors that purchase properties via trustee sale, often fix them up and then resell them. More than likely the sellers already aquired the property via trustee sale at the court house steps. Real estate is all about disclosure, by adding the terms 'As-is' trustee sale, they are disclosing to you that they purchased the property for cash on the courthouse steps and that they never lived in the property. That being said, since it's important for trustee sale investors to sell the property quickly, most will do repairs, in this case, by specifically writing 'as-is' in the listing description they imply that they will not make any repairs. However, pending your agent writes your offer properly you can still get a 3rd party home inspection and make a repair request if necessary, moreover, if they do not agree to repairs that you request and you are in the contingency period, if written correctly, you can still back out and your deposit should still be protected. You should seek the advise of a local real estate expert or attorney. Feel free to contact me anytime.
  • August 11 2010
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A clause assuring an inspection period is part of the CA Assn of Realtors Purchase Agreement, standard boiler plate is 17 days after Acceptance. 

Here is a real estate Buyer's Guide for reference. Take time to familiarize yourself with the website and it's contents. You'll return over and again for knowledge to help appraise and deal with the lender, realtor, inspectors, attorney, etc. who will execute your transaction.


"As is" means the seller does not intend to pay for any repairs. There may or may not be needed repairs. 
  • August 11 2010
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Profile picture for Jim Fisher RE

"As Is" simply means that the seller doesn't want to make repairs or give credit for repairs.  If a seller is a trustee for an estate, then the property would sell "As Is" because the trustee presumably hasn't lived in or previously owned the property.  Regardless of whether a sale is listed "As Is" or not, it's always important for a buyer to do inspections so that you know exactly what you are purchasing.  It would be illegal for someone to tell you that you cannot do inspections. 

  • August 12 2010
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Profile picture for DavidPlush
Remember the title is " as is " as well.

Best,
David Anderton
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  • August 21 2010
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