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What does "As is" mean when selling a house?

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What does "As is" mean when selling a house?

• Selling a house "as is" means the owner is selling the home in its current condition, and will make no repairs or improvements (or give the buyer any credits to fund these fix-its).
• "As is" homes are often in disrepair, because the sellers can't afford to fix these flaws
• All of this means that if you buy this house, you buy any problems it may have, too.
• May indicate that the home will have a relatively low price to start with, and the sellers might even entertain still lower offers.
• Any number of things could be wrong with the house that are not immediately apparent to the eye.

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