Your purchase agreement should contain a standard 17 due diligence time period which allows you to investigate everything about the house and ask as many questions as you can possibly imagine. If you discover non-permitted additions, damages or repair work required; or for any reason become uncomfortable with the transaction you can walk away with no harm. Your earnest money deposit (EMD) is returned in full. All the inspection costs are paid by you and reports are shared with the seller. "As Is" refers to the fact seller will not make any repairs to property.