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As Is means the owner is not interested in making any repairs and has priced the property ingly. The buyer can and should still have it inspected but should not expect any further negotiations. The only time the seller should upgrade is when lenders wont loan due to a bad roof for example.
When a real estate agent lists as home to sell as is, that doesnt change the legal rights of the buyer. The listing agent must still have the seller disclose known problems, and the buyer can still negotiate an offer with the final sale, contingent upon a real estate inspection.
An addendum clarifies and adds things not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).
Addendums are attachments to original contracts that alter the original terms and conditions of the contract. Addendums can be used to alter standard contracts, make adjustments if situations have changed since the original contract was signed, or if the original signers come to a different arrangement.
If a seller has to disclose so much, you may wonder what as-is clauses mean and what their purpose is. Put simply, an as-is clause is a statement that the buyer acknowledges and accepts that they are purchasing the property in its current condition and without any guarantees or warranties from the seller.

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The As Is Addendum allows the seller to disclaim that he/she is making any warranties with respect to the property being sold. Also, through the As Is Addendum the buyer acknowledges that he/she is buying the property in its then existing condition.
Sellers list their homes for sale as-is when they dont want to do any repairs before closing. It means there are no guarantees from the seller that everythings in working condition, and theyre not required to provide a Sellers Disclosure.

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