"As is" simply means in its current condition - period. And "as is" rarely means "perfect."
I encourage all buyers to have the appropriate inspections before you purchase - even on an "as is" cash transaction.
While it is true many buyers accept the "as is" part of the deal, some still attempt a return to the negotiation table after the home inspection.
And many times the sellers will agree to the requests for repairs or concession.
Sometimes, a qualified willing buyer ready to go forward is better than going back on the market and re-doing it all again!
The key point for buyers to remember when it comes to "as is" purchases....
"as is" does not mean many as "as if" in perfect condition.