What does 'as-is-where-is' mean?
last updated 2026-07-21
'As-is-where-is' means you buy the property in exactly the condition and situation it is in — the bank gives no warranty about its state, area, occupancy, dues or title. 'As-is-what-is' extends that to whatever rights and liabilities come with it. The onus of checking is on the buyer.
Three phrases, one idea
- As-is-where-is — you take the property in its current physical state and location, with no repairs or promises from the bank.
- As-is-what-is — you take whatever it legally is: its rights, its measurements, its attached liabilities.
- Whatever-there-is — sometimes added to underline that the bank sells only whatever interest it can pass, nothing more.
What the bank is not promising
Under these terms the bank does not warrant the built-up area or extent, the condition of the structure, whether it is occupied, what property tax or utility arrears are outstanding, or that the title is free of every claim. The sale notice usually says known encumbrances are stated "to the best of the bank's knowledge" — which is not the same as a guarantee.
What this means you should check
Because the risk sits with you, the pre-bid checks matter: verify the extent and property type, inspect or research the location and condition, confirm possession status, and look into encumbrances and outstanding dues. None of this is exotic — it is the standard homework an as-is-where-is sale demands, and it is the work AuctionScope is designed to make faster on a specific listing.
Frequently asked questions
Does 'as-is-where-is' mean the bank guarantees nothing?
Effectively yes — the bank makes no promise about condition, area, occupancy or dues, and states known encumbrances only to the best of its knowledge. The responsibility to check sits with the buyer.
What is the difference between 'as-is-where-is' and 'as-is-what-is'?
'As-is-where-is' covers the physical state and location; 'as-is-what-is' covers the legal reality — the rights and liabilities attached. In practice they appear together and both put the onus of checking on the buyer.
Can I inspect the property before bidding?
Sale notices often allow an inspection on a stated date, but access can be limited when a property is occupied. Use whatever inspection is offered, and research everything you cannot see in person.