Episode #114 - Calgary Real Estate - What is As is Where is?
What is As is Where is? A very valid question when looking to purchase either a foreclosure or a Judicial Sale.
As is Where is refers to the state of the property as well as anything that may be in the property, essentially the bank or the courts are not making any warranties or represenatations that the appliances work, come with the property or that the property does not have any major issues.
As is Where is, is protection for the bank in case something goes wrong with the property you will not be able to come back to them and sue them for mis representing something that may have appeared to work at the time your made your purchase.
If you would like more information on purchasing a foreclosure property make sure to CLICK HERE