Bank Listings says "as is"

[Jimmy S.]

Isn't every house sold "as is"? Even if you buy a 1 million house the seller does not have to fix anything. Im always confused when a listing says selling "as is". You can still do a inspection or not? Seller/Bank just wont fix anything at comes up in the inspection, correct?

[Kyle Samuel]

@Jimmy S. When I purchase REO properties that are listed "as-is" it just means it's unlikely that the bank is going to fix any of the problems of the property. When you write up your offer, you would still have an inspection contingency in there to allow you to do an inspection. If anything comes up during the inspection, you can still back out or reduce your offer to account for the issue.