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"As Is" Home Sale

House Keys

Release Date: 07/25/2025

Adjustable Mortgage show art Adjustable Mortgage

House Keys

An Adjustable-Rate Mortgage (ARM) is a type of home loan where the interest rate can change over time, usually in response to changes in a financial index (like the 1-Year Treasury rate or SOFR).   ⸻   🏠 Key Features of an ARM:   1. Introductory Fixed Rate Period • You get a low fixed interest rate for a set number of years (commonly 3, 5, 7, or 10). • Example: A 5/1 ARM means your rate is fixed for the first 5 years, then adjusts once per year afterward.   2. Adjustment Period • After the fixed period, the interest rate adjusts periodically (usually annually)....

info_outline "As Is" Home Sale

House Keys

🔍 What “As-Is” Really Means: • The buyer gets the property exactly as it stands, with all its flaws—visible or hidden. • The seller makes no guarantees about the home’s condition. • The seller won’t fix any issues found during the home inspection. • The buyer still has the right to inspect the property, and can walk away or negotiate based on what’s found—but the seller isn’t obligated to fix anything.   ⸻   đź›  Common Reasons Homes Are Sold As-Is: • Distressed property or fixer-upper. • Estate sales or inherited homes. • Seller is financially...

info_outline Buyer's Costs show art Buyer's Costs

House Keys

  🔑 Typical Buyer’s Costs in a Real Estate Transaction       1. Loan-Related Costs     Origination fee: Charged by the lender for processing the loan (0.5%–1% of loan amount). Credit report fee: $25–$50. Appraisal fee: $300–$600 (paid to confirm the home’s market value). Underwriting fee: Charged by the lender for evaluating the loan application. Discount points (optional): Paid to reduce your mortgage interest rate.       2. Title and Escrow Fees     Escrow fee: Charged by the escrow company for handling funds...

info_outline Welcome to House Keys show art Welcome to House Keys

House Keys

Welcome to the first episode of House Keys   HOUSE KEYS is your go-to podcast for unlocking the world of real estate with clarity and confidence. Hosted by Rob “Birdman” Hephner and featuring trusted real estate expert Stephanie Crain of Mountain Retreat Realty Experts, this series breaks down the complex terms, processes, and decisions involved in buying and selling homes. With over 20 years of industry experience and a reputation for unmatched integrity, Stephanie brings practical insights, real-world examples, and straight-talk explanations that empower listeners at every stage of...

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🔍 What “As-Is” Really Means:
• The buyer gets the property exactly as it stands, with all its flaws—visible or hidden.
• The seller makes no guarantees about the home’s condition.
• The seller won’t fix any issues found during the home inspection.
• The buyer still has the right to inspect the property, and can walk away or negotiate based on what’s found—but the seller isn’t obligated to fix anything.
 
⸻
 
đź›  Common Reasons Homes Are Sold As-Is:
• Distressed property or fixer-upper.
• Estate sales or inherited homes.
• Seller is financially unable or unwilling to make repairs.
• Investor-owned property.
 
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⚠️ Important Notes for Buyers:
• Get an inspection—even if the seller won’t fix anything, you need to know what you’re getting into.
• Check disclosure laws in your state—some still require sellers to disclose known issues (like mold, roof leaks, or foundation problems).
• Be ready to handle repairs post-purchase, possibly major ones.
 
⸻
 
đź’¬ Real-World Example:
 
A home listed “as-is” might have an aging roof, outdated wiring, or plumbing issues. The seller says: “Here it is, take it or leave it.” You can still have an inspection—but if the inspector finds problems, the seller won’t negotiate or fix them. You either accept it or back out (assuming your contract allows it).

House Keys is brought to you by 

Mountain Retreat Realty Experts

https://mtnretreatrealty.com