The concept of purchasing a property “as is” indicates the seller’s intent to not make repairs before the sale, thus transferring the burden of any property issues and repair costs to the buyer. It’s a common myth that an “as-is” purchase locks the buyer into the deal regardless of discovered flaws. In reality, a well-crafted “subject to inspection” clause can offer a strategic exit plan, allowing buyers to bow out if the inspection reveals substantial issues. For more items to consider when purchasing an property "as is" follow the link below:

https://blog.remax.ca/what-does-as-is-property-purchase-mean-in-real-estate/