To sell a property "as is" and have full disclosure and inspections is one storey vs no inspections.
What do you me by "as is"?
You should gather as much information as possible about the property, neighborhood and surrounding area before making a decision.
Additionally, when buying "as is" you have to be prepared for the worst case scenario. You must really understand that this may go fine, or you may end up with a lot of expensive, and time consuming repairs. As long as you understand that going in and are ready, willling and able to handle any necessary repairs then you should be fine.
However, some "as-is" sales are intended to hide problems. You need to proceed with caution.
When we were selling a fixed up home (with a warranty), we hadn't replaced the roof. We knew the inspector would ding us for that and we planned to give a credit. When we were negotiating the price, we went much lower than we had planned so we agreed on the price if they took the home "as-is". The reason was we were not about to give a credit at that point for the roof. Many times you will see the home selling in normal condition except for one thing is marked "as-is" condition such as a garage or hot water heater.
Other times "as-is" means that they are not going to leave the home "broom clean." This can be a huge cost or an unexpected windfall. You might have to spend thousands of dollars cleaning out all of the junk but you might find a diamond necklace worth a million dollars. Find out WHY it is being sold "as-is."