Contracts
What is an 'as-is' sale in Delaware real estate?
AA sale where the seller must repair all defects before closing
BA sale where the buyer accepts the property in its current condition — but Delaware sellers must still disclose known material defects under the Seller Disclosure Act✓ Correct
CA sale that automatically waives the buyer's right to a home inspection
DA sale limited to bank-owned (REO) properties in Delaware
Explanation
An 'as-is' sale means the buyer accepts the property in its current condition without demanding repairs. However, Delaware sellers are still required to complete the Seller Disclosure of Real Property Condition Act form, disclosing all known material defects.
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