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What Does It Mean When A Property Is Listed "As Is"?

By definition, "As is" signifies that real property is acquired with whatever flaws it may have, and that the grantor is relieved of any obligation to reimburse the purchaser for losses or damages incurred as a result of the condition of the property transmitted.

In New Jersey, when a seller signs a sales contract that states "as is," it signifies that the seller intends to transfer (or sell) the property in its current form, including any existing flaws, and will not make any repairs, upgrades, or price concessions.


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