Selling a property that needs repairs can be stressful and expensive. In Nebraska, choosing to sell a property “as is” allows owners to avoid costly renovations while still completing a smooth and legally compliant transaction. This guide explains what “as is” really means, what disclosures are required, and the best ways to sell your property quickly and fairly.
What Does Selling “As Is” Mean in Nebraska?
Selling a property “as is” means the buyer agrees to purchase it in its current condition, with no obligation for the seller to make repairs or improvements.
Key Points
- The property is sold in the condition it is in at the time of the buyer’s offer.
- Buyers may still conduct inspections unless the purchase agreement specifically waives inspection contingencies.
- Sellers must maintain the property in materially the same condition until closing.
- “As is” does not eliminate the seller’s legal obligation to disclose known defects.
Common Nebraska Contract Clauses
- Condition of Property Clause: Buyer accepts the property in its present condition unless stated otherwise.
- Inspection Clause: Buyer may inspect or waive inspections based on contract terms.
Nebraska Property Disclosure Requirements
Nebraska law (Neb. Rev. Stat. § 76-2,120) requires sellers of most 1–4 unit residential properties to complete the Seller Property Condition Disclosure Statement, even in an “as is” sale.
Required Disclosures
Sellers must disclose known issues, including:
- Water, fire, or termite damage
- Asbestos or radon exposure
- Septic or sewer system defects
- Lead-based paint (for properties built before 1978)
- Structural, mechanical, or roof problems
Flood Disclosure (Required)
Nebraska’s official disclosure form requires sellers to state:
- Whether the property is located in a flood plain or floodway
- Any known issues related to flooding, drainage, or grading
Additional Notes
- Unpermitted work, infestations, or other issues can be listed in the comment sections of the disclosure form.
- Buyers often confirm information using FEMA maps and county records.
Pros and Cons of Selling a Property “As Is”
Pros
- Avoid repair costs and contractor management
- Faster sales—especially with cash buyers
- Fewer repair-related negotiations
- Option to leave behind unwanted items (if agreed to in writing)
Cons
- Offers may be below market value
- Smaller pool of buyers wanting move-in-ready properties
- Buyers may still negotiate price after inspections (unless contingencies are waived)
How to Sell a Property “As Is” in Nebraska
1. Selling to a Cash Investor
Cash buyers—individuals or companies—purchase properties without mortgage financing.
Advantages:
- Fast closings
- No lender-required repairs or appraisals
- Often fewer fees or commissions
Considerations:
- Offers may be below market value
- Vet investors to ensure transparency and fair terms
2. Selling “As Is” by Owner (FSBO)
Selling on your own offers full control but requires more hands-on work.
Steps:
- Determine fair market value
- Market the property online
- Handle showings and negotiations
- Prepare contracts and disclosures
Considerations:
- Buyer financing may slow the process
- You’re responsible for all legal and transactional documents
3. Selling “As Is” with a Real Estate Agent
Agents help with pricing, marketing, and negotiation.
Advantages:
- Access to comparable sales for accurate pricing
- Professional support during inspections and closing
- Guidance through contracts and disclosures
Considerations:
- Commission fees (typically 5–6% in Nebraska)
- Timelines may depend on buyer financing
Final Thoughts
Selling a property “as is” in Nebraska can be a smart move for owners looking to save time, money, and stress. With proper disclosures, clear expectations, and the right selling method—whether cash buyer, FSBO, or agent—you can achieve a smooth, efficient sale.
Ready to Sell Your Property “As Is”?
Skip repairs and complicated negotiations—GWP Ventures makes selling simple and fast. Whether it’s an inherited property, a fixer, or a place you need to move on from, we buy properties quickly and fairly across Nebraska.
Contact GWP Ventures:
📞 (402) 282-1984
📧 [email protected]
Legal Disclaimer
This article is for general information only. Consult a licensed professional for advice specific to your situation.