"AS IS" Residential Contract For Sale And Purchase - IPG Realty 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Parties' section, entering the names of the Seller and Buyer as indicated.
  3. In the 'Property Description' section, provide the complete address and legal description of the property being sold.
  4. Complete the 'Purchase Price' section by entering the total price, initial deposit, and any additional deposits required.
  5. Fill out the 'Closing Date' and any contingencies related to financing or inspections as specified in their respective sections.
  6. Review all disclosures regarding property conditions, including radon gas and mold information, ensuring you understand your rights.
  7. Finalize by signing and dating where indicated for both Buyer and Seller at the end of the document.

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The legal term as is in a written contract means that the buyer must be willing to accept the home in its current condition. If you are the buyer, this means that you forgo the opportunity to ask the seller to make any repairs or reduce the price based on problems the property may have.
Minor Home Defects or Natural Aging Arent Grounds for a Lawsuit. You probably knew when you bought the house that it wasnt in perfect condition. Some problems, such as a in the front walk, might have been obvious. Others, such as aging plumbing, the seller might have told you about in the course of the sale.
As Is residential contracts give the buyer 15 days to complete an inspection of the property. If the inspection reveals that repairs are necessary, they can usually ask the seller to lower the sale price or give a credit at closing to cover the cost. The seller has the right to refuse the requests.

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