Have you ever read a listing that said a house was being sold as-is? Wonder what that is?
In real estate (at least here in Maryland), that means the seller will not be making any repairs. You see it a lot in estate sales, foreclosures, auctions, tax sales and houses that are OLD.
In an "as-is" sale in Maryland, a buyer can specify whether they are doing inspections or not and within what timeframe. If you choose to do inspections, you can do ANY inspection you want within your timeframe and you use those inspections for informational purposes only. If you are within your timeline and you get uncomfortable with what is uncovered at inspections, you can unilaterally release yourself from the contract and request your deposit back from the escrow account.