Well first you read my blog post
titled, As
a seller is it legal to sell your house ‘As-is’?
Do you want to know what my answer is
to that question? My answer is yes and no. You can sell your house ‘as-is’ so
long as you make all the proper disclosures. In other words you can sell as is
but you just have to tell the buyers what’s wrong with your house. They can
assume all those nasty defect costs but you can’t sell without first letting
them know via the disclosure statement what is wrong with it.
The problem is with how people think
about their duties when they try to sell a house ‘as-is’. As-is doesn’t mean
that as the seller you have absolutely no duties. It simply means the buyers
buy without regard to defects. But that doesn’t change the sellers’ duty under
the Iowa law. Seller still must fill out the disclosure form in an honest
manner.
Make sense? It should. If it doesn’t
call Katrina or I. We are both lawyers and I’m also a licensed real estate
broker.
See Seller
Disclosure Statements, Steve Lombardi
I’ll carry this on our two blogs, the
Iowa Real Estate Lawyer
on Blogspot and the Lombardi Law Firm
blog titled The Verdict.
