As you said, there are plenty of homes in excellent condition being sold 'as is'. It is not indicative of condition of the home.
When you ask if it should be priced lower, they typically are priced lower than the competition and if their not a buyer needs to factor in that they aren't going to be able to get the Seller to do anything should there be problems uncovered during the home inspection. However most states allow a buyer a diligence period in which to get the inspections done and during this period you may terminate the contract for any reason or no reason whatsoever. If Massachusetts has such a contract then you could always make your deal, inspect the home, if you realize there's a significant amount of work that will need to be done, then terminate the contract and then immediately present a new contract with a new lower price factoring in the required repairs.
My best advice to you is to work with an experienced buyer broker who can assist you.
To find one check out the link I've attached below.
I wish you all the best and happy house hunting.
Almost Every short sale and foreclosure listing indicates sold " AS Is " In the case of the short sale the sellers are low on funds and do not or cannot make any repairs and these homes are typically priced below market value. In the case of the foreclosure the lender does not want the time, expense and liability of making repairs. Even thoukgh it states " sold as is " there are cases where sellers or lenders have paid for repairs .
The properties sold "as is" may or may not be priced lower.
Usually pricing depends on the comparable market analysis (CMA), with consideration to the overall trend (prices going up or down), if the property is distressed (in pre-foreclosure or foreclosure), and how quickly the owner needs/wants to sell the place.
"As Is" most often means the seller telling buyers/agents: "Inspect all you want, but I'm not repairing anything, and not reducing the price after the inspection".
I agree with other agents here mentioning inspections (regular, termites, Chinese drywall, mold, lead, radon - whatever you plan on doing). In buying "as is" property inspections are you exit plan, and your due diligence.
Hope this helps,
Beachfront Realty, Inc.
This is no indication of the CONDITION, although it does make you wonder.
The CONDITION is a separate factor and should be addressed by an Inspection.
When your Realtor does a CMA, the condition of the house and the Comps will affect the Market Value of the homes: That will determine your offering price.