As-Is!
Is you would browse through newspapers, more and more ads are using “as-is”. Is it an alibi for the sellers for all the defects in the house that he failed to mention?
Sellers should still disclose all the defects in their property. Though it is no longer their responsibility to repair them, it is but fair to inform their potential buyers of the defect.
This would help the potential buyer see their repairing costs and if the house is right for them. Buyers would then acknowledge the defects and plan ahead for repair.
Source pf picture: http://www.gokubi.com/images/house_new_porch.JPG