Expert answers from Michigan's trusted cash home buyers. Questions? Call (269) 389-9961 anytime.
'As-is' means the seller will not make repairs, provide credits, or reduce the price based on the property's condition. However, sellers are still required to complete Michigan's Seller Disclosure Statement (Form 765) disclosing known material defects. 'As-is' limits your obligation to fix — it doesn't eliminate your disclosure obligation.
Sellers must complete Form 765 except in limited circumstances: transfers in probate or guardianship, transfers between co-owners, transfers to a spouse or lineal heir, foreclosure sales, or newly constructed homes. Refusing disclosure outside these exceptions creates legal liability.
Not usually — FHA, VA, and conventional mortgages have minimum property condition requirements. FHA requires working heat, no peeling lead paint (pre-1978 homes), no safety hazards. Properties needing significant work typically can't be financed conventionally, which is why true as-is sales require cash buyers.
It depends on what 'as-is' means for your specific property. Minor cosmetic issues: 5-10% below retail. Significant deferred maintenance: 10-20%. Major structural or system issues: 20-35%+. A cash buyer's offer reflects the cost of the work they'll perform — not arbitrary discounting. The more you know about needed repairs, the more accurately we can price.
It depends on your situation. If you have cash available and can supervise contractors, repairs often increase net proceeds. But if you lack funds, are managing from out-of-state, are in a time crunch, or the property has major issues, as-is is often the better choice. We can help you run the numbers.
Call us directly at (269) 389-9961 — a real person answers, not a bot. Or get your free cash offer online in 2 minutes.
