Boston real estate for sale: What does buying a Boston condo “As is” really mean? You found the perfect Beacon Hill condo for sale. It has the right number of bedrooms, bathrooms, and on a nice street. It’s just what you were looking for.
Then you learn it is being sold “as is.” That Beacon Hill condo that seemed so perfect now seems a bit frightening. What should you do?
Buying a Beacon Hill condo “as is” basically means the seller will make no repairs or improvements and is selling the condominium “as is” because the seller refuses or can’t afford to make the improvements.
“Once you buy that downtown Boston condo, it’s yours and you’re pretty much stuck with whatever decision you made, so you really need to be very educated and thorough about what you’re doing,” said David Tamny, owner of Professional Property Inspection “It’s a minefield for the unsophisticated buyer.”
Buying a downtown Boston condos can be a stressful endeavor under any circumstances, and when you’re buying a house “as is,” things can be even more stressful. But it isn’t all bad news. As long as you do your research, and hire a top notch Boston real estate team o watch your back.