Specifically, some cars are offered as is, without a warranty; other cars include a warranty. Usually, the sellers will agree to have some portion of the work completed by a qualified professional or, alternatively, they will agree to give the buyers a credit towards the cost of the work work. However, the buyer must have had the right to reasonable inspection, so that he/she has … All Rights Reserved. However, the buyer must have had the right to reasonable inspection, so that he/she has a chance to find any obvious deficiency. Change your default dictionary to American English. A state of fitness, such as "getting into condition. “Where is -As is” is a real estate term whereby the subject property is being sold in its present condition or current state. in the original condition, including any faults or problems. The phrase “as is” is a legal term that means the item being sold is being bought “with all of its issues, whether they’re known or unknown.” This frees the seller from any responsibility to fix any problems that may occur after the title changes hands. But in an as-is home, you’re buying the home in its current condition. I also work with individual real estate agents to boost their digital marketing strategies. What does it mean to sell a house as-is? This is the British English definition of as it is.View American English definition of as it is. The third form of contract condition is one that occurs after some other act or event. state. "As is" denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item "with all faults", whether or not immediately apparent. spiritual condition definition in English dictionary, spiritual condition meaning, synonyms, see also 'spiritual bouquet',spiritual incest',Lords Spiritual',Negro spiritual'. See Synonyms at state. An example of a condition is a harsh work environment. Not Always a Bad Sign. Whenever sellers list their home “as-is”, they’re essentially saying that they intend to sell the home in its current condition. An “as is” clause will protect a seller from the duty to disclose property defects if: the seller is unaware of the defects; So, if there is a problem with the roof leaking, you cannot go back to the sellers and claim that they tried to hide this defect in the property. house, horse, auto, or appliance) without the right to complain if it is faulty. "; Something that is essential to the occurrence of … What does MINT CONDITION mean? A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers. Read medical definition of Condition. in the original condition, including any faults or problems. https://legal-dictionary.thefreedictionary.com/As+is, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, assault with a deadly weapon, sexual assault with a weapon. Keep reading to learn what the term means and how it will affect you as the buyer. Definition of condition_1 noun in Oxford Advanced American Dictionary. Find me at TMRealEstateWriter.com or on Twitter @TaraMastroeni. Many buyers, especially first-timers, wonder if buying a home that’s listed “as-is” means that they have to skip inspections entirely. This means that any defects or flaws with the car will be your responsibility as the buyer and won’t be covered by a warranty. In this article we'll explore what to do when you need to sell your home, but you don't want to complete a long list of repairs. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. While selling "as is" means the seller won’t be responsible for fixing anything, the buyer may still want to do some due diligence by conducting a home inspection to see what shape the place … description of a condition in a sales contract in which the buyer agrees to take the property (e.g. As Is Clause as is clause n : a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair NOTE: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale. A state of fitness, such as "getting into condition. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. ‘A condition of the money is that the actors encourage participation in the wider community.’ ‘But a condition of the package is the 89 islanders must repay £1m to the Land Fund within two years.’ ‘As a condition of the licence, both the adult and child must order a meal.’ As it is definition is - in the present condition : the way it is. As-Is Condition. Even if you do your inspections, the recommended repairs could end up costing more than expected and, in this case, you’d be the one responsible for footing the bill. buyer represents that it has inspected, or will have the opportunity to inspect, the assets and if closing occurs, will accept the physical and environmental condition of same on an “as is-where is” basis, and buyer forever releases seller from any liability with respect to the physical and environmental condition of the assets at the closing, regardless of whether caused by or attributable to seller's sole, joint, … Operator hereby agrees and acknowledges that the Facilities are being made available in an “AS IS” condition, without warranty or representations of any type, including, without limitation, any implied warranties of habitability or suitability for a particular purpose. Your skin condition isn't contagious, but it still looks bad — scabby and scaly. About the authors: The above article “How To Sell A Home In “As-Is” Condition” was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock). We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. “A home inspection report serves as evidence of the true condition of the property and can prevent disagreements about changes to the condition of the property up until settlement.” Lee agreed. It may or may not work. Condition definition is - a premise upon which the fulfillment of an agreement depends : stipulation. Assaulted by bus driver at ATM, any recourse? As you look at listings online, you may come across a few that are listed in “as-is” condition. The buyer accepts the item in the present condition… Condition definition: If you talk about the condition of a person or thing, you are talking about the state... | Meaning, pronunciation, translations and examples Learn about the best home improvements for resale, alternative listing options, and how to market your home to sell quickly. What Does ‘As Is’ Mean When Buying a Car? the purchase or sale of a property in its existing condition without repairs. I bought the car as is, so the seller was within his legal rights to refuse to repair it when it broke down after two days. BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin. However, the buyer must have had the right to reasonable inspection, so that he/she has … In addition to Forbes, my work can be found on. What does on condition that expression mean? Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Define condition. With that in mind, I’ve written a primer on “as-is” condition in real estate. Source: Merriam-Webster's Dictionary of Law ©1996. See Medical condition, Permissive condition, Preexisting, condition Pregnancy-related conditions, Qualifying condition, Restrictive condition, Stress-related condition verb To subject a person or organism to a set of circumstances that ↑ functionality Sports medicine Endurance training, see there. (idiomatic, of an object) As it is; its present state or condition, especially as a contractual condition of sale. "; Something that is essential to the occurrence of something else; essentially a "precondition. Medical condition is a phrase used in documents for physicians applying to licensing agencies (e.g., state medical boards, malpractice insurance carriers, third-party payers, etc. An example of a condition is a cold or the flu. in the condition that something is in: All merchandise is sold as is – no discounts, and no exchanges. Condition: The term "condition" has a number of biomedical meanings including the following: An unhealthy state, such as in "this is a progressive condition." You won't even need makeup to dress as a zombie for Halloween. When you buy in “as is” condition, it means you purchase the home without regard to the physical condition. We’ve agreed to take the house as is. In essence, the definition of “as is where is” can be summarized as, you get everything that comes with a property, at its present condition, good or bad, when you buy it. Anyone who has bought or sold real property in California is well aware of the massive disclosure documents that the law imposes on the parties as to the nature of the property and the locale surrounding the property. Before you panic, keep in mind that this doesn’t necessarily mean the home is in bad shape. on condition of phrase. Definitions by the largest Idiom Dictionary. Definitions by the largest Idiom Dictionary. In general, the term “as is” means that a certain car is available in the condition as it is on the lot. The term as is gives notice to buyers that they are taking a risk on the quality of the goods. An example of condition is a brand new sofa with no defects. As a real estate blogger and content creator from a family of Realtors, home buying and selling is what I know. Man in a blue shirt does window installation. condition. Source: U.S. Department of Housing and Urban Development. Plus, if you find that the house needs more work than you can handle, you’ll have the option to back out of the deal. Learn more about conditioning. Whenever sellers list their home “as-is”, they’re essentially saying that they intend to sell the home in its current condition. Common Misconception. Finance Dictionaries. It’s in your best interest to do inspections, even if they’re only for your benefit because then you’ll be able to get a sense of how much work needs to be done on the home. Synonyms and related words +-The condition of something. We’ve agreed to take the house as is. n. 1. a. Condition definition, a particular mode of being of a person or thing; existing state; situation with respect to circumstances. That said, buying a home in “as-is” condition does come with some risk. See more. In a typical sale, the sellers get to choose who does the any repairs that they’ve agreed to make. As the buyer, making an offer on a home that’s being sold “as-is” essentially means that you’re willing to accept responsibility for any work that needs to be done to the home. "As is" denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item "with all faults", whether or not immediately apparent. The key benefit for a seller selling their property “as-is” is that, after closing, they are no longer responsible for any hidden defects that existed in the home at the time of the closing. It pretty much says "what you see is what you get". condition. Definition of on condition that in the Idioms Dictionary. an experiment in which mice are conditioned to press a button in order to receive food. Learner's definition of CONDITION [+ object] 1 : to train or influence (a person or an animal) to do something or to think or behave in a certain way because of a repeated experience — often used as (be) conditioned. As a real estate blogger and content creator from a family of Realtors, home buying and selling is what I know. house, horse, auto, or appliance) without the right to complain if it is faulty. The term “as is” is commonly used in the pre-owned car world to describe a car’s warranty status. They left the apartment in terrible condition - the whole place was a mess. Any implied or express warranties that usually accompany goods for sale are excluded in an "as is" sale. How to use condition in a sentence. The … As-is Law and Legal Definition As-is is a term used in warranty law to disclaim the seller's liability for faults in the item sold. How to use as it is in a sentence. Condition definition, a particular mode of being of a person or thing; existing state; situation with respect to circumstances. Premises accepted by a buyer in the condition existing at … Conditioning, in physiology, a behavioral process whereby a response becomes more frequent or more predictable in a given environment as a result of reinforcement, with reinforcement typically being a stimulus or reward for a desired response. You still have the option to do inspections “for your benefit”, meaning that they would be informational rather than serving as a point for negotiation. Find another word for condition. Information and translations of MINT CONDITION in the most comprehensive dictionary definitions resource on the web. The buyer is free to inspect the goods before purchase; but if any hidden defects are discovered after purchase, the buyer has no recourse against the seller. Note: Used to warn buyers that something that is being sold is not in perfect condition. On condition that definition: When you agree to do something on condition that something else happens , you mean that... | Meaning, pronunciation, translations and examples In home sale negotiations, there is usually some wiggle room to convince the seller to make certain repairs as a precondition for the sale. What does on condition of expression mean? Condition Subsequent. Selling a property “as is”, however, does not mean that a seller can conceal known defects or issues with the house. What does this mean? The definition of condition is the state something or someone is in or can also refer to a specific illness. "; A state of fitness, such as "getting into condition. Since the sellers are unwilling to negotiate on repairs, they’ll often price the home lower than would be expected in order to make their property seem more attractive to potential buyers. state. condition definition: 1. the particular state that something or someone is in: 2. the physical situation that someone or…. Learn more. See more. A medical problem or illness can be referred to as a condition. However, some sellers just want it known upfront that they are selling the house in its current condition, aren’t willing to make any repairs and might not be willing to include any warranties as part of any transaction. But don't worry—this doesn't mean you have to point out every crack in the wall or drafty window. In a typical sale, after the buyers do all their inspections, they’re given a chance to negotiate any recommended repairs or remediation with the sellers. Condition: a state of being or fitness. As-Is Condition as-is condition the purchase or sale of a property in its existing condition without repairs. What does it mean to sell a house as-is? In this article we'll explore what to do when you need to sell your home, but you don't want to complete a long list of repairs. https://writingexplained.org/grammar-dictionary/conditional-sentence Video results for the word "AS IS CONDITION" The following video provides you with the correct English pronunciation of the word "AS IS CONDITION", to help you become a better English speaker. Enrich your vocabulary with the English Definition dictionary adj. THESAURUS – Meaning 4: the state that something is in, especially how good or bad its physical state is the condition of something condition how something looks and whether it is damaged, working etc or not The price of used cars varies according to their condition. Assaulting a police officer, counterclaims. Enrich your vocabulary with the English Definition … on condition that phrase. as if the sun shines out (one's) backside, as if the sun shines out (someone's) backside. As is condition Definition from Business & Finance Dictionaries & Glossaries. description of a condition in a sales contract in which the buyer agrees to take the property (e.g. Contract law and the Uniform Commercial Code regulate "as is" sales. In a nutshell, I believe the term “as is where is” simply means that the buyer will inherit all of the physical and legal conditions of the foreclosed property they are going to buy, as is! However, that’s not the case. (Definition of … the particular state that something or someone is in: Mom still has our baby carriage - it's very old, but it's in perfect condition. adj. as is. Definition of condition_1 noun in Oxford Advanced Learner's Dictionary. I break down real estate concepts for first-time homebuyers. Concept meaning fact or condition of being regarded or treated as more important Grids and different icons latest digital technology concept - Buy this stock photo and explore similar images at Adobe Stock Definition and synonyms of as it is from the online English dictionary from Macmillan Education. The one big benefit of buying a home that’s in “as-is” condition is that you can usually get it for a better price. Anyone who has bought or sold real property in California is well aware of the massive disclosure documents that the law imposes on the parties as to the nature of the property and the locale surrounding the property. Learn about the best home improvements for resale, alternative listing options, and how to market your home to sell quickly. Meaning of MINT CONDITION. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. The purpose of an “as is” clause is to force the buyer to rely upon its own investigation, rather than upon the seller’s representations, in determining whether or not to purchase the property. In this situation, you’d be able to hire professionals that you trust. Extended Meaning of Condition. Search for a definition or browse our legal glossaries. Opinions expressed by Forbes Contributors are their own. Synonyms and related words +-The condition of something. With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. condition - WordReference English dictionary, questions, discussion and forums. Condition: The term "condition" has a number of biomedical meanings including the following: An unhealthy state, such as in "this is a progressive condition." as-is condition. In many cases, it is by itself an agreement. Source: Merriam-Webster's Dictionary of Law ©1996. Conceptual hand writing showing Priorities. As-is Law and Legal Definition As-is is a term used in warranty law to disclaim the seller's liability for faults in the item sold. Definition of MINT CONDITION in the Definitions.net dictionary. ‘A condition of the money is that the actors encourage participation in the wider community.’ ‘But a condition of the package is the 89 islanders must repay £1m to the Land Fund within two years.’ ‘As a condition of the licence, both the adult and child must order a meal.’ Those few words can have a big impact on your transaction, so it’s important to understand what they mean going in. What does “as-is” condition mean in real estate? health condition definition in English dictionary, health condition meaning, synonyms, see also 'health camp',health centre',health farm',health food'. Definition of on condition of in the Idioms Dictionary. condition synonyms, condition pronunciation, condition translation, English dictionary definition of condition. “A home inspection report serves as evidence of the true condition of the property and can prevent disagreements about changes to the condition of the property up until settlement.” Lee agreed. This is the British English definition of as is. A mode or state of being: We bought a used boat in excellent condition. The other benefit is that you’ll have more control over any repairs done to the home once you’re the homeowner. All Free. In addition to Forbes, my work can be found on Realtor.com, ApartmentTherapy.com, and Freshome.com. 71 synonyms of condition from the Merriam-Webster Thesaurus, plus 157 related words, definitions, and antonyms. house, horse, auto, or appliance) without the right to complain if it is faulty. This is the British English definition of as is. As Is Clause as is clause n : a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair NOTE: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. as is. In its most extended meaning, a condition is a clause in a contract or agreement which has for its object to suspend, rescind or modify the principal obligation; or in case of a will, to suspend, revoke, or modify the devise or bequest. by admin | Jan 18, 2020 | Uncategorized | 0 comments. In general, the term “as is” means that a certain car is available in the condition as it is on the lot. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. adj. © 2020 Forbes Media LLC. ), which is used to determine a physician’s physical “suitability” to practise medicine. The buyer accepts the item in the present condition… A Purchaser is taking a property with the understanding that there will be no “moving, cutting, shifting, replacing, redoing, changing, repairing, relocating, or refacing” anything related to the … 2 people chose this as the best definition of condition: State of health.... See the dictionary meaning, pronunciation, and sentence examples. In today’s market, virtually all of my closings on existing homes or properties are sold “as-is.”. It may or may not have hidden defects. description of a condition in a sales contract in which the buyer agrees to take the property (e.g. Condition: The term "condition" has a number of biomedical meanings including the following: An unhealthy state, such as in "this is a progressive condition.

as is condition meaning

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