Offering AS IS on a house

[Robert Sapienza]

I'm looking for anyone who has any personal insight on a similar situation to this one. Submitted an offer on a house (investment property) and written in my offer I included that the offer would be taking the house at the offered price AS IS. I do this to make my offers more incising to the seller, and have all intentions of purchasing the house AS IS. I do not intend to ask the seller for any repairs to be made nor am I looking for a credit of money for any repairs that need to be made. I am offering a price on the house AS it IS. Offer got accepted and come to find out upon further inspection that there is major foundation issues. Where do I stand from a legal point now that the offer has been accepted. Thanks for your feedback. 

[Bob B.]

@Robert

@Robert Sapienza  The legal aspect is something for your attorney to figure out.  The moral issue is different.