October 13

Are you looking for a Charlotte, NC home at a lower-than-average price? If you don’t mind making some repairs and upgrades, you should consider buying ‘as-is’ real estate. 

Charlotte NC Homes for Sale - Buying a Charlotte NC home at a lower-than-average price can be done if you consider purchasing an 'as-is' real estate.

As the name suggests, an as-is property is one sold in its current state. The property is usually in need of repairs and renovations, and they may be significant. As a result, as-is homes are usually sold for a lower price. 

But as you’ll soon find out, you need to have more than just a general idea of what makes up an as-is home. Before you buy an as-is home, read on to find out everything you need to know about them.

What Is an As-Is Offer?

An as-is offer means accepting a Charlotte, NC home at face value. There’s no guarantee that everything about the home is in livable condition.

For this purchase, the seller is not required to provide a disclosure document. In addition, they’re not mandated to complete any repairs as well.

If you discover critical problems with the home after you’ve purchased it, it’s your responsibility to fix them.

Why Do People Sell a Home As-Is?

Most of the time, the seller just wants to speed up the sale due to financial issues like debt or foreclosure. It’s faster to close as-is sales, after all. 

This doesn’t mean that as-is homes are bad investments. Sometimes, these properties only have minor issues. If you’re fortunate enough, you might get one with no problems at all!

Charlotte North Carolina Homes for Sale - Fall in love with Charlotte North Carolina homes with an as-is offer.

What Do You Need to Consider Before Buying an As-Is House?

As-is real estate comes with attractive prices, but there’s still a lot to consider before you buy an as-is home:

1. Necessary Disclosures

You don’t have to be wary of as-is properties since you’re not necessarily waiving your right to disclosure.

After all, sellers still have to follow specific standards. 

For example, federal regulations require them to disclose the presence of lead paint. This is especially the case for homes built before 1978.

Depending on the state, the seller may need to disclose several more things, such as:

  • Mold
  • Asbestos
  • Pest damage or infestation
  • Structural or foundational problems
  • Roof leaks
  • Plumbing or electrical issues
  • Nuisance problems or neighborhood noise

In case the seller fails to disclose any of the above, you may be able to sue them for the cost of damages and repairs. 

2. Partial As-Is Features

Some homes aren’t entirely as-is. For example, a seller may only list certain areas (such as the shed or garage) as-is. They do this to avoid the need to repair these structures before selling. 

You might miss some ‘hidden’ damages in these areas if you try to buy a home on your own. This is why it’s best to have an expert realtor beside you. A realtor knows precisely how to scrutinize these homes, so you will know what will require repairs or renovations. 

Don’t make these costly mistakes while buying a home in Uptown Charlotte, NC – Click here.

Read on to learn why home inspections are an essential choice to take in the homebuying process for peace of mind.Read the full article: 11 Reasons Why a Home Inspection is Important▸ https://t.co/tdC7J2ZcPE#ShowcaseRealty #homestructure #ReportingHomeStructure #homesafety pic.twitter.com/7TLRNVoyqk

— Showcase Realty (@ShowcaseRealty) April 11, 2022

3. Home Inspection

If you’re determined to buy an as-is home, get it inspected first. It’s an optional service, but it’s something that can save you money in the long run. 

A qualified inspector can identify all present (even future) issues. They can bring these issues to your attention so you won’t spend more than you intended on repairs.

You can read more about the importance of home inspections from my blog post here.

Word to the wise: If the seller refuses to inspect the property, that’s a red flag! Don’t let these 9 Uptown Charlotte home buying mistakes drain your wallet! https://showcaserealty.net/9-costly-uptown-charlotte-nc-home-buying-mistakes-to-avoid/

Nancy Braun Real Estate - Check out the pros and cons of an as-is house from this post.

4. Repair Costs

The inspection may reveal significant repairs, so you must factor in the repair costs. 

Remember, you’ll need to budget for more than just the supplies needed for the repairs. It would help to calculate the cost of hiring a contractor, plumber, and other specialists. 

There’s also the issue of timing. If you’re planning to make the repairs yourself, do you have enough time to do them?

Sell your home faster to earn money! https://showcaserealty.net/how-to-sell-your-home-fast/

5. Lender Standards

Does the as-is home meet livability standards? 

Remember: Even if you’re willing to spend money on a fixer-upper, your lender may disapprove, jeopardizing any loans. 

See, the house must meet the minimum property requirements if you plan on applying for a loan. 

Take the case of a conventional loan, which does NOT come under government guarantee. Since the lenders must follow Freddie Mac or Fannie Mae standards, they can only approve loans for houses requiring minor repairs.

Simply put, you can usually only get a loan if the property only has typical wear-and-tear issues. Examples of these issues include interior wall damage, plumbing leaks, etc. 

Similar standards apply to FHA loans, which require the home to be structurally sound. 

As for government loans, you will need to meet even stricter standards. 

The VA loan, for example, requires the as-is property to have:

  • Safe drinking water
  • Working mechanical systems
  • Good structural roof

In other words, if your as-is home doesn’t meet the loan requirements, you may have to consider a different type of mortgage plan. 

6. Contract Clauses

When it comes to as-is homes, realtors recommend including specific contract clauses.

One good example is an inspection contingency clause. As a buyer, this allows you to back out of the deal if significant inspection issues arise. 

You may also want to consider a home warranty clause. This will come in handy if you’re unsure of the condition of the home’s furnace or electrical system. This will help cover the property’s machinery or designs for 1-2 years.

What Are the Pros and Cons of an As-Is House?

Buying an as-is home is a big decision. So it will help to look at the pros and cons of this property type.


  • Lower prices. You may get to buy a property in an excellent location for a reasonable price! Remember: the cost of a Charlotte, NC home is pretty high right now.
  • Faster closing process. It takes 60 days to close a home sale in NC. But for as-is homes, you may be able to close them in as soon as 30 days.
  • Profitable. Flipping as-is houses can generate a lot of money. According to a report by NewSilver.com, you could make as much as $77,000 per flip!

Top Real Estate Agent in Charlotte NC - Contact Nancy Braun of Showcase Realty today at 704-997-3794 before you buy an as-is home in Charlotte NC.


  • Major defects. If you pass up on a home inspection, you may buy a home that requires significant repairs.
  • Loan disqualification. Lenders may not give you a loan if the house doesn’t meet the necessary standards.

Can You Negotiate on an As-Is House?

Yes! You’re still buying a house, so it means your legal rights remain the same. As a buyer, you can still base your final offer on the inspection outcome. 

This is why it’s best to have as-is homes inspected before purchase. Depending on the issues, you may even get to make a lower offer!

Bottom Line

Buying an as-is home means purchasing it in its current condition. Some homes may have significant issues, so it’s good to have an expert realtor like me, Nancy Braun of https://showcaserealty.net/ by your side. I can help you search for the right as-is home so you don’t waste money in the long run. 13 hidden costs before buying a home. Click here!

Before you go ahead and buy an as-is home, make sure to call us at 704-870-0895 first.


Charlotte NC Real Estate, Homes For Sale In Charlotte NC, Nancy Braun

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