Should You Consider An As-Is Property?

As-is properties are uncommon in today’s real estate market, but not unheard of. Although too many “as-is” might as well be written “run away” to a savvy buyer, an as-is sale might be a fantastic opportunity.

As-is sales usually mean that the seller isn’t willing to take on any additional upgrades or repairs—what you see is what you get. This is often reflected in the price—as-is properties are priced to sell and sell fast.

Of course, the first assumption is that the property is run down and needs some major repairs. This may well be true some of the time, but not always. It rather may reflect the status of the seller. The home may actually be in decent shape, but the seller isn’t able to undertake repairs for personal reasons. The seller may be elderly and not capable of the repairs, for example, or perhaps the seller has already been transferred to a new job and can’t undertake any additional projects from a distance. There are many reasons why a seller may choose this unconventional option.

If you have additional cash available for repairs and have a home inspector and/or a contractor you trust, this could be the deal you’re looking for. If you shy away from repairs or expect to bargain based on defects revealed in an inspection, this may not be the best option for you.

Note that in some areas, as-is has restrictions. Most municipalities require working smoke alarms and utilities before allowing a building to be sold. This varies from city to city, so it’s important to have your agent check for you.

When an as-is property appears on your search, it might be worth consideration. Sometimes “as-is” might actually read “buy me”!


Late Summer Lawn and Garden Care

In September, we as Canadians count our last warm days and hold onto them, knowing the cold weather will be here way too fast. September is still a wonderful month for relaxing on the patio and enjoying the last days of summer, especially if you’ve put a ton of hard work into maintaining a beautiful yard, flower bed or vegetable garden.
If you want to extend the life of your garden and get a jumpstart for next spring so your garden or lawn is as healthy as it can be, here are a few chores you can do now:

Lawn care:

1. Continue with regular mowing. If you usually bag and dispose of clippings, stop. Leaving clippings on the lawn will provide extra nutrients for the long winter months.

2. Check your lawn for diseases and pests and address if needed. Look for brown spots, which could be caused by yellow chinch bugs or disease.

3. Early September is the best time to overseed your lawn. This helps keep your grass healthy, lush and green. After mowing, de-thatch with a thatch rake, taking care not to damage your existing grass. Then apply a good quality grass seed, rake lightly to help seeds settle into soil and water regularly over the next week or so to help seeds germinate.

Garden care:

1. Divide and transplant perennials like peonies, daylilies and irises late in the month, if needed.
2. Deadhead as needed to prolong the life of annuals and perennials.
3. Prune your summer flowering shrubs and trees.
4. Fertilize shrubs and trees
5. Pick your vegetables and herbs in early morning. This is when their sugar content is the highest.
6. Cut tops off tomato plants and remove new flowers in order to divert energy to fruit already growing.
7. Freeze excess vegetables and herbs for use all winter long.
So go ahead and enjoy the last days of summer!