Hi Trina. Typically, as-is means that the seller is not willing to make repairs or credit you for repairs that are needed. It usually does not mean that you can't back out after the inspections are completed and you find that the property condition is worse than what you thought. You need to make sure that the contract gives you the right to cancel the contract during the inspection period and that your deposit will be returned to you. These day, many transactions start out as "as-is," but all too often the sellers are willing to make concessions after the inspections as they want to sell and they know that they have to disclose all defects you found to all future buyers. Despite of this reality, you should only enter into an as-is contract with the expectation that the seller will stick to his guns. If the seller is not willing to make concessions after the inspections, you'll not get the money back that you spent on inspections reports. Good luck with your purchase.