What is an “As is, Where is” sale?

When a property is sold in “as is” or “as is, where is” or “as is, where is and with all faults and limitations” condition, it is being sold with no representation as to the condition of the property or its fitness for a particular use, no warranty or guarantee is being implied, and no inspection or other contingencies apply. The buyer is solely responsible for inspecting and examining all aspects of the property prior to placing a bid on the property.