What does it mean when property is sold in “As-Is, Where-Is” condition?
This means that you are bidding on the property where it is at the auction and in whatever condition it is in at the auction. There is no representation as to the working condition of property and no warranty or guarantee is provided or implied. Therefore, you need to do your inspections prior to the auction so that you know the condition of the property on which you are bidding. Material defects known to the auctioneer prior to the auction will be disclosed. However, the auctioneer makes no representations, guarantees or warranties as to the property.
