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For most people, a house is the most valuable personal asset they will ever own. Putting the funds together to buy a house is no small feat for the average person or family. This is one reason why some people consider the option of buying a house 'as is'.
Buying a house 'as is' essentially means that the person selling the house absolves themselves of responsibility for any faults or irregularities that should arise after the sale has been finalized.
