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LeoGlossary: As-Is
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@leoglossary
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This is a deal where the property is being sold in its present condition. The seller is not going to make any upgrades or repairs. At the same time, the buyer isn't to ask for any credits towards the price for repairs that are required.
Properties that were damaged either to natural disasters or, perhaps, water damage are often sold in this manner. The price is adjusted from average market value to compensate for the damage.
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