In our Maryland contract a property may be sold "as is"
Why would you purchase "As Is"?
Maybe there are multiple offers, maybe the buyer is comfortable enough to say they will not be asking for repairs. Maybe the buyer is planning to do a major renovation.
Maybe the buyer wants to use this as way to negotiate. Maybe a seller will only sell this way and the price reflects the "as is" condition.
If you are writing an offer "As Is" you might want to look at how this will be handled.
I have seen buyers try to negotiate repairs.
Make sure you understand the contract.
Below is a section of the Maryland Real Estate "AS IS ADDENDUM"
There is the "As Is" without inspections...pretty self explanatory.
There is the "As Is" with inspections and the right to terminate.
Within a time limit, usually 10 days, the buyer chooses an inspector and proceeds with a full inspection. The buyer has the right to withdraw the offer based on that inspection.