Without knowing the details of the contract it's hard so say. When you refer to the "agent", are you talking about the listing agent or your buyer's agent? Please tell me you have a buyer's agent working for YOU. Even if a property is sold "as-is" you can still decide to not buy it.....provided the contract was written that way. In Colorado there are many opportunities for buyers to get out of a contract. (i.e. title, inspection, due diligence, insurance, HOA) if any one of these areas pose a problem, you can get out of the contract. You need to talk to your REALTOR. (NOT the listing agent). If you aren't represented by anyone, then you need to find an attorney asap.