Investors/Rehabbers take note this property needs work and will require a cash sale. When a property is listed as "sold as is where is with occupants in place," it means that the buyer will be purchasing the property in its current condition, including any defects or issues. The presence of occupants suggests that there are tenants or individuals living in the property who are not required to vacate before the sale. Hence, potential buyers may face challenges such as limited access to inspect the interior of the property, making it crucial to rely on exterior visual assessments and available documentation. However, this situation also presents an opportunity for investors looking for fixer-upper projects or those willing to take on potential occupant-related complications. While no interior showings may initially seem discouraging, it leaves room for creative renovations and improvements based on speculation and projected returns. It is critical for interested parties to conduct thorough due diligence regarding legal rights and obligations towards existing occupants while assessing whether the investment aligns with their risk appetite and goals.
