As Is, Where Is

by Daryn
(Nova Scotia)

No Promises

No Promises

What does "as is, where is" mean? Does that mean no negotiating the asking price?

Comments for As Is, Where Is

Average Rating starstarstarstarstar

Click here to add your own comments

Mar 20, 2016
As Is, Where Is
by: Ross

Hi Daryn:
Thanks for your inquiry. This is an often misunderstood phrase used to describe the circumstances under which something is to be sold.

When used with respect to a chattel or fixture, for example, in an Agreement of Purchase and Sale of real property, it means that the Seller is offering no warranty, that is to say no guarantee or promise, that the subject item will be in good working order upon completion of the contract. If the Buyer agrees to such a term, they're agreeing to accept the item as they find it on closing.

The phrase is sometimes written as "in as is condition without warranty by the Seller". It may have other uses, but it would depend upon the context in which it is employed.

I hope this answers your question. Ross

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Real Estate Terminology Story.

If you wish to share this page, please do so. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Click here to review our privacy policy and disclaimer